Lockheed Martin Corporation's (LMT) share price has appreciated substantially after my Lockheed Martin Corporation – A Low Risk, Reasonably Valued High-Quality Defense Prime Contractor article and December - February follow-up articles. Looking at LMT's share price in isolation, however, does not enable investors to properly assess the company's current valuation. In this article, I look [...]
My most recent guest post entitled ADP - An Overvalued Dividend Aristocrat at Dividend Power - The Power of Dividend Growth Investing is based on Q3 2021 and YTD results and guidance. I will now be periodically contributing guest posts for Dividend Power. Previous article contributions are Genuine Parts Company – A Slightly Overvalued Dividend King [...]
As a long-term investor seeking to invest in undervalued/fairly valued high-quality companies, investment opportunities that meet my investment criteria are currently few and far between. Following Alimentation Couche-Tard's (ATD-a.TO and ATD-b.TO) recent $1B private debt offering Press Release, however, I now revisit this existing holding to determine if I should increase my ATD exposure. Based [...]
On April 29th, Merck & Co., Inc. (MRK) released Q1 2021 results and on May 3rd it held its Merck/Organon Investor Day. I continue to think Merck is reasonably valued and is poised for more rapid growth following my review of the material presented at both events. This brief article is a follow-up to my [...]
Given the current market conditions in which the likes of Robinhood have helped turn the stock market into a casino, I find it to be invaluable to re-read The Intelligent Investor by Benjamin Graham. I highly recommend Chapter 20 which covers the importance of margin of safety. Chief Hazard Of A Buyer Of Securities The [...]
This is my FFJ Portfolio - April 2021 Report. The portfolio was created in January 2017 to demonstrate how investing in reasonably valued high-quality companies with competitive advantages can assist investors in reaching their long-term financial goals without the need to speculate or chase dividend yield. Skimming Additional Income With Covered Calls Articles posted in [...]
S&P Global Inc. (SPGI) is a high-quality company that has amply rewarded long-term shareholders. Acquiring grossly overvalued shares, however, can result in inferior investment returns even if the company happens to be high-quality. I think SPGI is a richly valued Dividend Aristocrat after reviewing Q1 2021 results and FY2021 guidance. A Dividend Aristocrat is a [...]
I suspect many of us have equity holdings to which we pay little if any, attention. In my case, United Parcel Service, Inc. (UPS) is such a holding. On April 27, 2021, however, it released Q1 results and the share price closed ~$18 higher than the prior day's closing share price. This is puzzling since [...]
In this brief May 21, 2020 article, I analyze and disclose a new position in 3M Company (MMM) for our daughter's taxable account. I subsequently analyze and disclose in this November 4, 2020 article the purchase of additional shares for that account. In both instances, I conclude MMM shares are undervalued. Fast forward to the [...]
Hidden gems are often lost when part of a conglomerate. This appears to have been the case with Otis Worldwide Corporation (OTIS). For more than 15 years, it was used as a cash cow to fund capital expenditures at United Technologies' two aerospace divisions (now Raytheon Technologies Corporation (RTX)). OTIS is now a stand-alone entity [...]