Low or No Dividend Yield Companies Belong in Your Portfolio
The purpose of this post is to explain why I think low or no dividend yield companies belong in your portfolio. [...]
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Intuitive Surgical – Redefining The Future of Surgery with Innovation
Intuitive Surgical (ISRG) is redefining the future of surgery with innovation. Its da Vinci platform ranks as being one of the most disruptive technologies in medtech history thus leading to the company's remarkable success in rewarding long-term shareholders. I last reviewed ISRG in this January 25, 2025 post at which time shares were trading at [...]
Veeva Systems No Longer A Bargain
Veeva Systems (VEEV) is no longer a bargain unlike when I wrote various previous posts that are accessible through the Archives section of this site. In several of those posts, I disclosed my decision to acquire undervalued VEEV shares within a 'Core' account in the FFJ Portfolio. When I published my most recent VEEV [...]
Invest In Fuel Generators And Not Fuel Suckers
The world of equities consists of fuel generators and fuel suckers. I use this terminology to describe the types of companies that either fuel or hamper wealth creation. Both categories include companies that: distribute no dividend, or that have unimpressive dividend metrics; and have alluring dividend metrics. This is why it is so important to [...]
Why BlackRock Might Be Overvalued Right Now
With ~$11.6T in assets under management (AUM) following a record $641B of full year net inflows, including $281B in Q4 2024, I view BlackRock (BLK) as a great long-term investment. What I need to determine is whether BLK's valuation is sufficiently attractive to increase my exposure. I last reviewed BLK in my October 17, 2024 [...]
Dividends Have Drawbacks
Dividends can be a great way to return value to shareholders. They do, however, have drawbacks. Do NOT fixate on dividend metrics. Instead, analyze how companies allocate their capital. They can: reinvest in the business; debt reduction; merge or acquire other businesses; distribute dividends; and/or repurchase shares. Typically, companies employ one or more of the [...]
FFJ Portfolio – November 2024
Another month has flown by thus triggering this FFJ Portfolio - November 2024 report; all monthly reports are accessible here. I deployed only ~$94,793 USD during the month and reinvested minimal dividend income. The value of the FFJ Portfolio, however, increased ~$ 35,427 CDN and ~$ 440,440 USD in one month. None of my existing [...]
Zoom Communications – Stock Based Compensation Distorts Free Cash Flow
The company has been renamed to Zoom Communications, Inc. from Zoom Video Communications, Inc. effective November 25, 2024. Valuing a company based on GAAP and non-GAAP EPS can sometimes lead to poor investment decisions. It is for this reason that I like to look at a company's valuation based on Free Cash Flow (FCF). [...]
Emerson Electric Is A Trapped Dividend King
Companies with an investor base that expects annual dividend increases are, in my opinion, trapped and should be avoided. Emerson Electric (EMR), a Dividend King because it has consistently increased its annual dividend for at least 50 consecutive years, is a good example. I suspect many of us have investment holdings we rarely/never look at. [...]
Paycom Is Almost Fairly Valued Following Share Price Surge
In my May 2 2024 post, I disclosed that Paycom's (PAYC) attractive valuation prompted me to acquire additional shares @ ~$163 thus bringing my exposure to 700 shares in a 'Core' account within the FFJ Portfolio. At the time of that post, the most currently available financial information was for Q1 2024 and the Q2 [...]