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 [...]
This company is the largest player in a highly regulated industry and is deemed to be a Global Systemically Important entity. My favorite investors have invested billions in this company and have been significantly increasing their holdings over the past several quarters. Summary Dividend distributions and share repurchases come from profits generated from normal business [...]
Just a quick note as a follow up to my May 16th article in which I indicated I had acquired 200 Class B shares (NYSE: BRK-b) for the FFJ Portfolio. The stock price has trended lower subsequent to my purchase but I see the company’s stock has popped in this morning’s pre-market trading and that [...]
This global fintech leader provides investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. Long-term shareholders have generated significant returns but its current valuation appears to be somewhat stretched. Summary This company has doubled its revenue since being spun off as a separate legal entity in 2007. Growth has been such [...]
This company has increased its dividend for 35 consecutive years and its total return to shareholders over the 10 year period ending December 31, 2017, including reinvested dividends, was 80.2%. An investor who acquired 100 shares for $1,110 when the company was founded in 1955 and never sold them would now have 375,960 shares. Summary [...]
This company's Cash Return on Investment (‘CRI’) key operating metric is used to measure the performance and value of the company's operating businesses and potential acquisitions. By applying CRI principles throughout the organization, Roper can focus investment on areas that will increase shareholder value, drive cash flow growth, and minimize physical assets. Summary The company’s [...]
Alimentation Couche-Tard, founded in 1980, is now the largest company on the basis of revenue of any Canadian based company. Summary Alimentation Couche-Tard released its Q4 and FY2018 results at the close of business July 9th. On March 22nd, I wrote that the pullback in the company’s stock price presented investors with a window in [...]
This publicly listed partnership generates substantial cash returns. The units are currently undervalued but you receive a yield of ~6.65% while you patiently wait for the stock price to more accurately reflect the value of the underlying assets. Summary Making money in equities involves finding well managed companies that are undervalued. As at the end [...]
Three high quality companies recently released earnings and guidance. Despite strong results and favorable earnings projections, investors have bid up the stock price of these companies to levels where there is a disconnect between the underlying fundamentals and the company's valuation. Summary Even investing in high quality companies can result in inferior investment returns. Investing [...]
This is my 2018 semi-annual recap and June 2018 dividend income update on the FFJ Portfolio. This portfolio was created in January 2017 for the purpose of demonstrating how investing in well managed companies with competitive advantages can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend [...]
