On October 29, 2020, Church & Dwight Co., Inc. (CHD) released Q3 and YTD 2020 results and included raised growth guidance for FY2020 Reported Sales, Organic Sales, Adjusted EPS, and Cash from Operations. CHD's valuation is currently elevated. On the bright side, it continues to maintain an impressive Cash Flow Conversion Cycle relative to its [...]
I have just acquired additional shares in Berkshire Hathaway Inc. (BRK-B) and Johnson & Johnson (JNJ) in one of our daughter's investment accounts. Both are very high quality companies which I think are currently reasonably valued. On the rare occasion I sell shares but in early October I liquidated my positions in Stanley Black & [...]
Suncor Energy Inc. (SU.to) is one of Canada's leading integrated energy companies who business has been decimated in recent months. Its future oil sands growth projects are not economical in the current low-oil-price environment and the timing of expansion is highly uncertain. I am a strong proponent of spreading money across 5 main economic sectors: [...]
Raytheon Technologies Corporation's (RTX) share price has been under pressure since early June 2020. Challenges experienced in its commercial aerospace business resulted in the company incurring a $3.18B goodwill impairment and a $3.835B Q2 loss. I view the current headwinds as being short-term in nature and expect that business conditions in the commercial aerospace segment [...]
On August 6th, Intercontinental Exchange, Inc. (ICE) a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, announced that it has entered into a definitive agreement to acquire Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry. The transaction values Ellie Mae at ~$11B. [...]
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 [...]
