Enbridge – Stock Analysis

Summary This company has tested long-term investor patience over the past 3 years. Management has 5 strategic priorities, one of which is a simplified corporate structure. These initiatives are in various stages of progress and once completed should result in improved shareholder returns. Shareholders are rewarded with an attractive dividend that is well covered by [...]

By |August 4th, 2018|Equity Investing|Comments Off on Enbridge – Stock Analysis

Zoetis Inc. – Stock Analysis

Summary This company may not be a household name but it is building on more than 60 years of experience. It was part of a much larger pharmaceutical company but was spun off in 2013. Its acquisition strategy and new product development provides potential for growth in a multi-billion dollar global animal healthcare market. While [...]

By |August 3rd, 2018|Equity Investing|Comments Off on Zoetis Inc. – Stock Analysis

CN Rail – Back on Track

Summary CNR is one my top 15 holdings overall (within and outside the FFJ Portfolio). CNR’s relationship with certain segments of its customer base took a severe hit late 2017 and early 2018 which led to the ousting of CNR’s CEO. Under the new CEO, CNR has taken significant steps to repair these relationships of [...]

By |July 25th, 2018|Equity Investing|Comments Off on CN Rail – Back on Track

3M – One of My Top 5 Largest Holdings Helps Me Sleep Well

Summary Skip excitement when it comes to investing. Hold shares in dependable companies with competitive advantages such as this company. Markets are irrational in the short-term. ~$4.83B in market value was lopped off this company’s market cap the morning of July 24th but that was fully recovered by the end of the trading day. Shares [...]

By |July 24th, 2018|Equity Investing|Comments Off on 3M – One of My Top 5 Largest Holdings Helps Me Sleep Well

Illinois Tool Works – Treat the Pullback as a Buying Opportunity

Summary This fairly recently acquired member of the FFJ Portfolio just reported Q2 2018 results  wherein Total Revenue increased 7% of which 4% was organic growth. All 7 of the company’s business segments delivered positive YoY organic revenue growth but 5 of the business segments missed quarterly revenue expectations and only 2 units beat expectations. [...]

By |July 23rd, 2018|Equity Investing|Comments Off on Illinois Tool Works – Treat the Pullback as a Buying Opportunity

Genuine Parts – Fairly Valued Dividend King

Summary Strong Q2 results recently reported and projected earnings for FY2018 reaffirmed. Shareholder returns on the basis of dividends reinvested over the past 20 years are almost double that of the S&P500. Share price has risen ~10% from the level at which my previous article indicated shares were attractively valued. Despite this increase, shares are [...]

By |July 20th, 2018|Equity Investing|Comments Off on Genuine Parts – Fairly Valued Dividend King

Bank of New York Mellon Stock Analysis

Summary This company is the largest player in a highly regulated industry and is deemed to be a Global Systemically Important entity. Dividend distributions and share repurchases come from profits generated from normal business operations as opposed to the issuance of debt. The barriers to entry are very high to the extent where the probability [...]

By |July 19th, 2018|Equity Investing|Comments Off on Bank of New York Mellon Stock Analysis

Broadridge – Sometimes You Just Have to be Patient

Summary This company has doubled its revenue since being spun off as a separate legal entity in 2007. Growth has been such that within a span of 11 years this company has reached the stage where it recently became a member of the S&P500 (SPY). There is not much variance between Free Cash Flow and [...]

By |July 16th, 2018|Equity Investing|Comments Off on Broadridge – Sometimes You Just Have to be Patient

Aflac – Price is What You Pay. Value is What You Get.

Summary This company has increased its dividend for 35 consecutive years. An investor who acquired 100 shares for $1,110 when the company was founded in 1955 and never sold them you would now have 375,960 shares. The company’s total return to shareholders over the 10 year period ending December 31, 2017, including reinvested dividends, was [...]

By |July 14th, 2018|Equity Investing|Comments Off on Aflac – Price is What You Pay. Value is What You Get.

Get Paid to Wait for This Undervalued Company to Appreciate in Value

Summary Making money in equities involves finding well managed companies that are undervalued. As at the end of Q1 2018, this entity had a ‘unitholder equity per unit’ value roughly 1.6xs that of the market price per unit. Sometimes companies can remain undervalued for extended periods, and therefore, an attractive and sustainable dividend yield allows [...]

By |July 3rd, 2018|Equity Investing|Comments Off on Get Paid to Wait for This Undervalued Company to Appreciate in Value
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