Church & Dwight Co., Inc.'s (CHD) share price is off ~15.3% from its 52 week high set in August and it has dropped ~$6.50/share following the release of Q3 and YTD2019 results on October 31, 2019. I view CHD as an attractive long-term investment and have acquired additional shares despite CHD already being a Top [...]
Alimentation Couche-Tard (TSX: ATD.b) is the 2nd largest participant in the highly fragmented convenience store industry behind Japan's Seven & I Holdings Co. (7-Eleven chain). ATD is consistently profitable, generates strong Free Cash Flow, and intends to double in size within the next 5 years. ATD will appeal to investors seeking growth versus dividend income. [...]
McDonald's Corporation (MCD) released Q3 and YTD results on October 22, 2019. At the time of my August 3rd article my analysis suggested that MCD shares were somewhat expensive. I indicated that I would be open to acquiring additional shares if the valuation were to retrace to a more acceptable level. MCD's valuation has recently [...]
I have indicated in previous articles that I view Mastercard Incorporated (MA) as a core long-term investment. Following the very recent pullback in MA's share price I have acquired additional shares for one of the Core Accounts within the FFJ Portfolio. This additional purchase is in addition to the purchase made in early October for [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
