Factors beyond a company's underlying fundamentals can sway investor sentiment. This is why it is virtually impossible to accurately predict how an investment will perform in the short term. Many 'investors' have been heading for the exits of late given that the days of easy money have come to an end. Rather than join the [...]
Following my February 2, 2022 post in which I deemed Broadridge (BR) to be reasonably valued based on Q2 and YTD results released on February 1, 2022, BR's share price has tumbled to ~$138. BR has also released Q3 and YTD results on May 3, 2022 which includes a slight increase in the lower end [...]
I have positions in North America's two largest exchanges: CME Group (CME) and Intercontinental Exchange (ICE). In my May 6, 2022 post, I disclose the purchase of additional Intercontinental Exchange (ICE) shares. I last reviewed CME in my February 9, 2022 post. At the time, CME was trading at ~$250. Now, shares at trading at [...]
On May 4, 2022, Intercontinental Exchange (ICE) announced its definitive agreement to accelerate growth with the acquisition of Black Knight, Inc. (BKI) in a $13.1B cash and stock transaction. BKI is a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the [...]
S&P Global's (SPGI) current FY2022 guidance reflects weakness in the Ratings division but it is accelerating revenue prospects in high-growth markets. In my most recent S&P Global (SPGI) post, I conclude: 'SPGI's share price may experience an even further pullback from its ~$484 52-week-high. Given that I invest in SPGI to create long-term wealth, however, [...]
In my opinion, Berkshire Hathaway (BRK-a and BRK-b) is better than a broad-based ETF for various reasons. I last wrote about BRK in this June 14, 2021 post. However, I periodically increase BRK-b exposure in various accounts; I acquired shares @ $320.35 for a young investor's account on May 4, 2022. In my June [...]
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 [...]