Home/Topics

FFJ Portfolio – October 2019 Interim Report

For the sake of timely and full disclosure I provide this interim report in which I touch upon recent trades made within the FFJ Portfolio and in accounts for which I do not disclose details. In addition, we have an impending sale of a rental property. Sale proceeds will be deployed toward the purchase of [...]

By |October 16th, 2019|General Investing|Comments Off on FFJ Portfolio – October 2019 Interim Report

Brookfield Asset Management Inc. – Positioned for Strong Growth

Brookfield Asset Management Inc. (BAM.a) (BAM) held its Investor Day on September 26th at which time management stressed now is the time to be even more cautious than usual. With the recent acquisition of 61.2% of Oaktree Capital Management, BAM is now positioned to capitalize in a distressed environment. Management also indicated that conditions are [...]

By |October 3rd, 2019|General Investing|Comments Off on Brookfield Asset Management Inc. – Positioned for Strong Growth

Mastercard Incorporated – Additional Purchase on the Basis of a Very Long-Term Investment Time Horizon

I view Mastercard Incorporated (MA) as a core long-term investment. Given my long-term outlook for the company, I have acquired additional MA shares for our daughter on the basis of a very long-term investment time horizon. Further to my August 6th Mastercard Incorporated (MA) article, I decided today to acquire additional MA shares in an [...]

By |October 2nd, 2019|General Investing|Comments Off on Mastercard Incorporated – Additional Purchase on the Basis of a Very Long-Term Investment Time Horizon

FFJ Portfolio – September 2019 Report

This is my September 2019 FFJ Portfolio update. The portfolio was created in January 2017 for the purpose of demonstrating how investing in high quality companies with competitive advantages and with a record of consistently increasing dividends can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend [...]

By |October 1st, 2019|General Investing|Comments Off on FFJ Portfolio – September 2019 Report

TOTAL S.A. – An Oil & Gas Supermajor Worthy of Consideration

TOTAL S.A. (TOT) is a company headquartered in France which is engaged in the exploration and production of oil and gas, refining, petrochemicals, and the distribution of energy in various forms to the end customer. On September 24, 2019, it held its 2019 Investor Day at which time it provided an update on its strategy [...]

By |September 25th, 2019|General Investing|Comments Off on TOTAL S.A. – An Oil & Gas Supermajor Worthy of Consideration

FedEx Corporation – Short-Term Headwinds Create A Long-Term Investment Opportunity

FedEx Corporation (FDX) released Q1 2020 results following the September 17, 2019 market close which came in below guidance and it also lowered FY2020 adjusted EPS guidance. Following this earnings release, FDX's share price plunged ~13% from the September 17, 2019 closing share price. FDX does face formidable headwinds in the form of weakening global [...]

By |September 18th, 2019|General Investing|Comments Off on FedEx Corporation – Short-Term Headwinds Create A Long-Term Investment Opportunity

FFJ Portfolio – September 2019 Interim Report

I have made a few changes to the FFJ Portfolio in the first half of September. Rather than wait until month end, I provide this interim report for the sake of full disclosure. I acquired an additional 300 Chevron (CVX) shares as per this article for one of the 'Side Accounts' at an average cost [...]

By |September 17th, 2019|General Investing|Comments Off on FFJ Portfolio – September 2019 Interim Report

HEICO Corporation – Prepared to Initiate a Position Despite Lofty Valuation

HEICO Corporation (HEI) is overshadowed by larger players in the aerospace industry. It has, however, consistently generated impressive operating metrics and plenty of cash flow. A key component of HEI's growth strategy is the acquisition of companies (~71 since 1990) in niche segments of the aviation, defense, space, medical, telecommunications and electronics industries in which [...]

By |September 15th, 2019|General Investing|Comments Off on HEICO Corporation – Prepared to Initiate a Position Despite Lofty Valuation

AT&T Inc. – Activist Investor Challenges Strategy

On September 9, 2019, activist shareholder Elliott Management Corporation issued a letter to AT&T Inc.'s (T) Board of Directors. In this letter, Elliott shares its thoughts on how T can improve its business and realize a historic increase in value for its shareholders. Elliott believes T can achieve a $60+/share value by the end of [...]

By |September 14th, 2019|General Investing|Comments Off on AT&T Inc. – Activist Investor Challenges Strategy

Fortive Corporation – Promising Long-Term Outlook

Fortive Corporation (FTV) announced its intention to separate into two independent, publicly traded companies with the transaction expected to be completed the 2nd half of 2020. Summary Fortive was spun off from Danaher Corporation on July 2, 2016 and adopted Danaher’s philosophy underpinning the proven Danaher Business System. Recurring revenue as a percentage of total [...]

By |September 4th, 2019|General Investing|Comments Off on Fortive Corporation – Promising Long-Term Outlook