This is a classic example of why I focus on investing for the long-term. This company released its Q2 2018 results and Mr. Market immediately lopped $4.83B from this company's market cap relative to the previous business day's market cap. By market close, this company's market value exceeded that of the prior business day. [...]
Stanley Black & Decker is currently fairly valued and I view it as an attractive investment for disciplined investors with a long-term investment horizon. It is a member of the exclusive Dividend Kings group of companies. These are companies which have a 50+ year of uninterrupted dividend increases. Members of the FFJ community can [...]
This company is the largest player in a highly regulated industry and is deemed to be a Global Systemically Important entity. My favorite investors have invested billions in this company and have been significantly increasing their holdings over the past several quarters. Summary Dividend distributions and share repurchases come from profits generated from normal business [...]
Just a quick note as a follow up to my May 16th article in which I indicated I had acquired 200 Class B shares (NYSE: BRK-b) for the FFJ Portfolio. The stock price has trended lower subsequent to my purchase but I see the company’s stock has popped in this morning’s pre-market trading and that [...]
This global fintech leader provides investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. Long-term shareholders have generated significant returns but its current valuation appears to be somewhat stretched. Summary This company has doubled its revenue since being spun off as a separate legal entity in 2007. Growth has been such [...]
This company has increased its dividend for 35 consecutive years and its total return to shareholders over the 10 year period ending December 31, 2017, including reinvested dividends, was 80.2%. An investor who acquired 100 shares for $1,110 when the company was founded in 1955 and never sold them would now have 375,960 shares. Summary [...]
This company's Cash Return on Investment (‘CRI’) key operating metric is used to measure the performance and value of the company's operating businesses and potential acquisitions. By applying CRI principles throughout the organization, Roper can focus investment on areas that will increase shareholder value, drive cash flow growth, and minimize physical assets. Summary The company’s [...]
Summary Alimentation Couche-Tard released its Q4 and FY2018 results at the close of business July 9th. On March 22nd, I wrote that the pullback in the company’s stock price presented investors with a window in which to acquire shares in the world’s 2nd largest convenience store operator at an attractive valuation. The company is now [...]
This publicly listed partnership generates substantial cash returns. The units are currently undervalued but you receive a yield of ~6.65% while you patiently wait for the stock price to more accurately reflect the value of the underlying assets. Summary Making money in equities involves finding well managed companies that are undervalued. As at the end [...]
Three high quality companies recently released earnings and guidance. Despite strong results and favorable earnings projections, investors have bid up the stock price of these companies to levels where there is a disconnect between the underlying fundamentals and the company's valuation. Summary Even investing in high quality companies can result in inferior investment returns. Investing [...]
