Some investors think the demise of oil and gas producers is on the horizon as the transition toward more environmentally friendly forms of energy gathers momentum. I completely disagree. The future supply of several metals and minerals is critical for the success of the energy transition. Any transition depends on the sustainable supply of metals [...]
I last reviewed S&P Global (SPGI) in my February 10, 2023 post at which time I passed on acquiring additional shares in the hope of being able to acquire additional shares in the future at a more favourable valuation. SPGI has now released its Q2 and YTD2023 results on July 27. This is an opportune [...]
RTX Corporation - Geared Turbofan Engine (GTF) I last reviewed RTX Corporation (RTX) (formerly Raytheon Technologies Corporation) in this January 25, 2023 post at which time it had just released its Q4 and FY2022 results and FY2023 outlook. Although I considered RTX's valuation fair, I refrained from adding to my exposure. I hoped [...]
Alternative asset exposure (eg. private equity, private debt, hedge funds, real estate, commodities, structured products, venture capital) can produce attractive long-term investment returns. Directly investing in alternative assets, however, is beyond my risk tolerance. This is why a portion of my alternative asset exposure is through Blackstone (BX). I last reviewed Blackstone (BX) in [...]
I last reviewed Intuitive Surgical (ISRG) in this April 19, 2023 post at which time it had just released Q1 2023 results. With the release of Q2 and YTD2023 results following the July 20, 2023 market close, I revisit this existing holding. Overview Please refer to the company's website and 'Item 1 - Business' in [...]
My last Genuine Parts (GPC) post was on March 23, 2023 post following my review of GPC's 2023 Investor Day material. Fast forward to July 20 at which time GPC released Q2 and YTD2023 financial results and FY2023 guidance. The tumble in GPC's share price following the release of these results has piqued my interest [...]
An estimation from PwC's '2023 Global Asset and Wealth Management Survey' is that 1 in 6 asset and wealth management companies globally are likely to disappear or be acquired by 2027; this is twice the normal turnover rate. As per my guest post at Dividend Power, I think BlackRock (BLK) is likely to be a [...]
In my June 13 post, I touch upon Nasdaq, Inc.'s (NDAQ) June 12 announcement regarding its definitive agreement to acquire Adenza from Thoma Bravo for $10.5B in cash and shares of common stock; Adenza provides mission-critical risk management and regulatory software to the financial services industry. The rationale for the acquisition is to accelerate NDAQ's [...]
I last reviewed Lockheed Martin (LMT) in this April 18 post. At the time of that review, LMT had just released Q1 2023 results and reaffirmed the FY2023 guidance provided when it released its Q4 and FY2022 results. My concern at the time of my April post was with LMT's valuation. The share price had [...]
Alimentation Couche-Tard (ATD.to) has a profitable business model that has enabled it to become one of the leading participants in the highly fragmented convenience store space; 7-Eleven, Inc., owned by Japanese Seven & I Holdings through Seven-Eleven Japan Co., Ltd., is the largest industry participant. I last reviewed ATD in this May 15, 2021 post. [...]