On July 29th, Automatic Data Processing, Inc. (ADP) released Q4 and FY2020 results and FY2021 guidance and the share price dropped ~6.5% from the previous day's close. Although ADP's business is experiencing headwinds attributed to COVID-19 I have a positive long-term outlook on the company. Following the share price pullback I acquired additional shares in [...]
On July 20th, Chevron Corporation (CVX) announced an agreement to acquire Noble Energy, Inc. in an all-stock transaction valued at $5B, or a total enterprise value of $13B when debt is included. I have acquired additional shares for one of the 'core' accounts within the FFJ Portfolio prior to the July 31st release of Q2 [...]
I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. Well....you win some and you lose some. In this brief update I disclose what transpired with the covered calls positions I [...]
Enbridge Inc. (ENB) is a leading North American energy infrastructure company. It operates in a highly regulated environment where pipeline capacity remains constrained due to lack of new infrastructure. Investor sentiment currently appears to be negative and I expect investor sentiment will change in the future which will lead to an increase in ENB’s earnings [...]
Although our daughter and her boyfriend are in their early 20s, they have expressed an interest in achieving financial freedom at a relatively young age so as to have 'options' later in life. While there are various ways in which to achieve financial freedom at an early age, equity investing is the method my wife [...]
CME Group Inc. (CME) is an appealing long-term growth stock with a unique attractive dividend which is missed by stock screeners. In August 2018 I initiated a position and intended to preiodically add to my position. The company's valuation, however, ran away on me. I, therefore, patiently waited on the sidelines until such time as [...]
I periodically employ a conservative 'out-of-the-money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. Summary Despite BDX’s credit risk being higher than that to which I am accustomed I remain confident the company is on track to have [...]
I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. In my May 4, 2020 article I disclosed that I had written the following covered calls: Chevron Corporation (CVX) 10 contracts [...]
I periodically employ a conservative 'out-of-the-money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. In recent articles (here and here) I disclosed that I occasionally write short-term out-of-the-money covered calls if I think there is a strong probability [...]
I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. As a long-term investor I generally do not exit a position even if I think there is a strong probability a [...]
