This brief FFJ Portfolio - January 2023 Report is an overview of recent activity. Most of the companies I follow are apprehensive about the business outlook in the first half of 2023. However, their recent share price behaviour does not reflect management sentiment. There appears to be a disconnect and I think we witnessed a [...]
This FFJ Portfolio - December 2022 Report provides an overview of what transpired during the month. The broad market pullback in late September/early October allowed investors to acquire shares in great companies at reasonable valuations. November was somewhat disheartening as valuations started to creep higher. By mid-December, however, market sentiment had changed. Therefore, I took [...]
This brief FFJ Portfolio - November 2022 Report recaps what occurred with this investment portfolio during the month. Looking for attractively valued companies was like shooting fish in a barrel in late September/early October. Unfortunately, the tide turned after this timeframe thereby making it more difficult to identify attractive investment opportunities. New Positions I have [...]
This brief FFJ Portfolio - October 2022 Report recaps what occurred with our investments in October. Dividend Income I made no outright purchases in October but received dividend income from the following companies. Automatic Data Processing (ADP) Broadridge Financial Solutions (BR) Danaher (DHR) Diageo (DEO) Ecolab (ECL) FedEx (FDX) Genuine Parts (GPC) Merck (MRK) Nike [...]
To say that September 2022 has been eventful is an understatement! The plunge in equity prices has decimated the value of many portfolios. Looking at the month-end FFJ Portfolio values in 2022 (see below), we see the extent to which share prices have declined. The FFJ Portfolio, however, consists of holdings in high-quality profitable companies [...]
This FFJ Portfolio - August 2022 Report discloses my investment activity. Purchases Up until the last few days of August, the valuation of several holdings was less attractive than in May - July. I, therefore, limited my purchases to the addition of 50 Home Depot (HD) shares on August 2 @ ~$301.64. On August 16, [...]
This FFJ Portfolio - July 2022 Report discloses my investment activity. Purchases During the month, we had a window of opportunity to acquire reasonably valued shares. Altogether I deployed ~$52,500 USD and ~$943 CDN by adding to several positions. July 4 - In conjunction with my Goldman Sachs’ Earnings Are Becoming More Resilient and Diversified [...]
I last performed an Investment Holdings Review in this early January 2022 post. Subsequently, market conditions have radically changed. In addition, I have exited a few positions and have increased my exposure to several companies. My underlying reason for performing these periodic reviews is that I hold shares of many companies in a few different [...]
In my FFJ Portfolio – June 2022 Interim Report, I disclose exiting 4 positions whose risk I deemed unacceptable. This FFJ Portfolio - June 2022 Report discloses the companies to which I increased my exposure during June. Purchases I acquired additional shares in the following companies: Blackstone (BX) S&P Global (SPGI) Chevron (CVX) Exxon Mobil [...]
Following the recent release of my FFJ Portfolio - May 2022 Report, I have decided to exit 4 small positions to increase portfolio concentration and quality. The value of my exposure to each is insignificant. The first 3 companies are companies in which I received shares because of spinoffs. Embecta Corp. (EMBC) In early April [...]