Paychex, Inc. (PAYX) is a high quality company I currently view to be richly valued. This article presents two bearish option strategies of differing degrees of risk which can be employed if you think the share price will pullback yet you do not own the underlying shares. Summary I am of the opinion PAYX shares [...]
This article analyses SmartCentres REIT (SRU.un), a high quality REIT listed on the TSX. Summary SmartCentres’ purpose is to develop, lease, construct, own and manage conveniently located and well designed shopping centres and office buildings. The Trust is diversifying its portfolio and continues to work on opportunities to provide various forms of residential housing, [...]
Paychex, Inc. (PAYX), is a high quality company engaged in the business of providing integrated human capital management solutions for payroll, human resource, retirement, and insurance services for small- to medium-sized businesses. Summary Paychex is a leading provider of integrated human capital management solutions for payroll, human resource, retirement, and insurance services for small- to [...]
Employing out-of-the-money short-term covered calls can help you generate additional income. Based on my analysis I have elected to employ this strategy on some of our 3M and Hershey's shares. In previous articles I have indicated that I fall in the camp of investors of the opinion that a general market pullback is becoming increasingly [...]
Summary Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Despite various general downward industry trends there are sufficient upward industry trends which provide an opportunity for JKHY to continue to grow. JKHY returns value to shareholders through the distribution of dividends, share repurchases, [...]
Summary The complete write-off of newer and less damaged vehicles due to rising repair costs is a strong tailwind for Copart. Demand for used cars, and interest in repairing them, varies on the basis of demand for brand new vehicles and their affordability. New car sales peaked in 2015 and as 2, 3, and 4 [...]
Summary In early February 2019 I viewed NKE as expensive and wrote April 2019 $87.50 covered calls. NKE released strong Q3 results after the March 21st market close but results disappointed investors and its share price pulled back over 6.50% on March 22nd from the previous day’s ~$88 close. I view NKE as a solid [...]
Employing out-of-the-money short-term covered calls can help you generate additional income. This article touches upon such a strategy I have successfully employed. A significant percentage of our investments are held in accounts that are separate and distinct from those which are included in the FFJ Portfolio. While I do not disclose specific details related [...]
The Big 5 Canadian Banks have a track record of rewarding long-term investors despite continually changing industry, business, and economic environments. Summary The Big 5 Canadian banks have recently released their Q1 2019 results and have reiterated that business conditions are challenging. Short sellers who have renewed their Big 5 bets in early 2019 [...]
Some investors will overlook Berkshire Hathaway (BRK-a and BRK-b) as a potential high quality investment because they strictly adhere to rigid dividend related criteria. A great many investors focus exclusively on investing in companies that have a dividend yield of X% or greater. Other investors refrain from investing in companies unless they have a [...]
