When I last reviewed Moody's (MCO) in my April 27, 2025 post, I considered shares trading ~$437 to be close to my ~$450 fair value estimate. I, therefore, decided not to add to my exposure. Business conditions have improved subsequent to that review. With the October 22 release of Q3 and YTD2025 earnings and revised [...]
I last reviewed West Pharmaceutical (WST) in this July 25, 2025 post at which time I stated that the company's recovery appeared to 'be on track'. I concluded that very recent share price behavior suggested investors were warming up to WST. With shares trading hands at ~$279 and ~$280 being a what I deemed to [...]
I reviewed Intuitive Surgical (ISRG) in this July 24, 2025 post following the release of Q2 and YTD2025 results. After listening to management's presentation at the September 3, 2025 Wells Fargo Healthcare Conference, I published this September 3 post in which I disclose my September 3 purchase of another 194 shares @ an average cost [...]
In my last Danaher Corporation (DHR) review, I disclose the purchase of an additional 100 shares @ $188.30 on July 21, 2025 in a 'Core' account in the FFJ Portfolio; my DHR exposure is currently 902 shares. By the time I wrote my post, however, DHR's share price had risen to ~$197.40. Despite the [...]
I last reviewed Intact Financial (IFC.to) in this July 30, 2025 post at which time the Q2 and YTD2025 results (as of June 30, 2025) were the most current. In that post, I disclose the purchase of 100 shares @ $292.36 in one 'Core' account and another 100 shares @ $292.85 in another 'Core' account [...]
In January 2025, on the advice of our tax accountants, we effected partial RRSP withdrawals as part of our RRSP meltdown strategy. I discuss the rationale for this strategy in prior posts. Based on the year-to-date performance of our investments, our tax accountants have instructed us to make further RRSP withdrawals. I like to acquire [...]
In several previous posts, including my April 3, 2025 Blackstone and Brookfield Exposure Increase post, I touch upon why it is wise to 'follow the money' if we want to create wealth. Invest In The Best In A Saturated Industry The asset management industry is saturated with many industry participants likely to: be absorbed by [...]
This FFJ Portfolio - September 2025 report is a high-level recap of my activity during the month. All monthly reports are accessible here. Recent Activity Although the broad market is experiencing irrational exuberance, some investment opportunities exist. We just need to: pay attention to the underlying fundamentals of the companies in which we invest; and [...]
In my June 27, 2025 Accenture (ACN) post, I disclose my decision to initiate a position through a 'Core' account in the FFJ Portfolio. The company's share price has experienced weakness following this initial purchase. My long-term outlook for the company, however, remains positive. I have, therefore, been adding to my exposure and disclose increases [...]
When I last reviewed Cintas (CTAS) in this July 18, 2025 post, the company had recently released its FY2025 results and FY2026 guidance. Based on the currently available information and a $224.50 share price, I determined shares were too richly valued to warrant adding to my current exposure. Fast forward to September 4, 2025 and [...]
