In my May 3, 2022 Chevron Plans to Accelerate Share Repurchases post I conclude that 'my focus is on acquiring shares in great companies which are experiencing headwinds and have fallen out of favour with investors.' I consider Moody's (MCO) current headwinds to present a buying opportunity. In my October 26, 2018 post I disclose [...]
For the past ~7 years, Chevron's (CVX) less than stellar returns on capital have tested investors' patience. This period of weak returns is the result of years of heavy investment followed by years of low commodity prices. CVX, however, has reset its cost structure. Massive offshore projects that cost billions of dollars over several years [...]
Fortive (FTV) was spun-off from Danaher in July 2016 at which time it had reported FY2015 annual revenue of ~$6.2B. After FTV became a separate publicly traded entity, it has undergone a significant transformation. Source: FTV - Q1 2022 Earnings Presentation - April 28, 2022 Segments of its business have been divested [...]
This is my FFJ Portfolio - April 2022 Report. When Warren Buffett worked for Graham-Newman, his mentor (Ben Graham) advised him that: 'In the short run, the market is a voting machine. In the long run, it is a weighing machine. People have been successful investors because they've stuck with successful companies. Sooner or later [...]