Alimentation Couche-Tard (TSX: ATD.b) is the 2nd largest participant in the highly fragmented convenience store industry behind Japan's Seven & I Holdings Co. (7-Eleven chain). ATD is consistently profitable, generates strong Free Cash Flow, and intends to double in size within the next 5 years. ATD will appeal to investors seeking growth versus dividend income. [...]
McDonald's Corporation (MCD) released Q3 and YTD results on October 22, 2019. At the time of my August 3rd article my analysis suggested that MCD shares were somewhat expensive. I indicated that I would be open to acquiring additional shares if the valuation were to retrace to a more acceptable level. MCD's valuation has recently [...]
I have indicated in previous articles that I view Mastercard Incorporated (MA) as a core long-term investment. Following the very recent pullback in MA's share price I have acquired additional shares for one of the Core Accounts within the FFJ Portfolio. This additional purchase is in addition to the purchase made in early October for [...]
For the sake of timely and full disclosure I provide this interim report in which I touch upon recent trades made within the FFJ Portfolio and in accounts for which I do not disclose details. In addition, we have an impending sale of a rental property. Sale proceeds will be deployed toward the purchase of [...]
Brookfield Asset Management Inc. (BAM.a) (BAM) held its Investor Day on September 26th at which time management stressed now is the time to be even more cautious than usual. With the recent acquisition of 61.2% of Oaktree Capital Management, BAM is now positioned to capitalize in a distressed environment. Management also indicated that conditions are [...]
I view Mastercard Incorporated (MA) as a core long-term investment. Given my long-term outlook for the company, I have acquired additional MA shares for our daughter on the basis of a very long-term investment time horizon. Further to my August 6th Mastercard Incorporated (MA) article, I decided today to acquire additional MA shares in an [...]
This is my September 2019 FFJ Portfolio update. The portfolio was created in January 2017 for the purpose of demonstrating how investing in high quality companies with competitive advantages and with a record of consistently increasing dividends can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend [...]
