In my March 21 post, I disclosed the addition of Veeva Systems (VEEV) to the FFJ Portfolio. When I wrote that post, I had recently returned from a ski trip. Shares were trading at ~$230 and I deemed shares to be at the top end of fair valuation. I, however, had initiated a 100 share [...]
I last reviewed Paychex (PAYX) in this December 21, 2023 post at which time Q2 and YTD2024 results and an update to the FY2024 outlook had just been released. With the release of Q3 results and updated FY2024 outlook on April 2, I revisit this existing holding. Business Overview A Business Overview is provided [...]
In my March 28 Automatic Data Processing (ADP) Is Overvalued guest post at Dividend Power, I lay out my rationale for not wanting to add to my current exposure. I have no idea how ADP's share price will behave in the very short term. I am, however, reasonably confident its share price will be higher [...]
I last reviewed Nike (NKE) in this December 22, 2023 post at which time I concluded that NKE's valuation did not warrant the purchase of additional shares. Now that NKE has released its Q3 and YTD2024 results and FY2024 outlook on March 21, I revisit this existing holding. In my opinion, the time to invest [...]
In my December 26, 2023 Veeva Systems (VEEV) post, I stated VEEV was on my 'Watch List'. In hindsight, I should have just acquired shares. Fast forward to February 29, and VEEV released its Q4 and FY2024 results and FY2025 guidance while I was on my ski trip to various resorts in British Columbia. Following [...]
I last reviewed Mastercard (MA) in my June 8, 2023 guest post at Dividend Power. At the time, the most recently available financial results were for Q1 2023. Now, based on my analysis of Q4 and FY2023 results and FY2024 outlook that were released on January 31, I conclude that Mastercard is unreasonably valued. In [...]
I initiated a West Pharmaceutical (WST) position on November 25, 2022 with the purchase of 100 shares @ ~$225 in a 'Core' account within the FFJ Portfolio. I would have acquired more shares but we had just closed the purchase of an additional property which put a dent in my liquidity. By the time I [...]
On February 15, my Can CosMc’s Improve McDonald’s Results? guest post was published at Dividend Power. McDonald's (MCD) has repeatedly boasted about its ability to raise menu prices without negatively impacting sales. A sizable segment of its customer base, however, is the lower income consumer. People can only put up with so much. Some are [...]
I remain cautious in the current environment and am not looking to aggressively (1) initiate new positions and (2) increase my exposure to exiting holdings. Markets operate in cycles and inevitably, a major event or a series of events will trigger a broad market correction. While I do not invest in the broad market, the [...]
Intercontinental Exchange (ICE) has an enviable growth track record having just reported its 18th consecutive year of record revenues, operating income, and adjusted EPS. I last reviewed ICE in my October 5, 2023 guest post at Dividend Power. At the time, the most currently available results were for Q2 2023 (as of June 30). With [...]