Many investors worry about stock price pullbacks. Don't be like the masses. Invest in good solid companies which have (1) competitive advantages, (2) are profitable, and (3) which generate strong Free Cash Flow (FCF). If you do this then you will have a greater appreciation for lower stock prices. Worldwide equity markets are certainly [...]
Stock screeners can be misleading. In the case of this company, in 2012 it introduced a variable dividend component to its dividend policy. This variable dividend is not picked up by stock screeners which likely results in many investors completely overlooking this company as a worthwhile long-term investment. On August 5, 2018 I wrote [...]
This article on The Bank of Montreal (BMO) is the fifth of a 5 part series on 'The Big 5' Schedule A Canadian banks. At the time of my September 5th article, I viewed BMO shares as being overvalued. Shares have subsequently retraced ~11.3% and I now view them as being fairly valued. Investors seeking [...]
This article on The Canadian Imperial Bank of Commerce (CM) is the fourth of a 5 part series on 'The Big 5' Schedule A Canadian banks. I do not view CM as having the same pedigree as The Royal Bank of Canada (RY) and The Toronto-Dominion Bank (TD). Nevertheless, I view CM as currently being [...]
This article on The Toronto-Dominion Bank (TD) is the third of a 5 part series on 'The Big 5' Schedule A Canadian banks. In my September 5th article I indicated that I viewed TD has being slightly overvalued. Shares have subsequently retraced to a level where I now view them as fairly valued. I view [...]
This article on The Royal Bank of Canada (RY) is the second of a 5 part series on 'The Big 5' Schedule A Canadian banks. In my September 5th article I indicated that I viewed RY has being slightly overvalued. Shares have subsequently retraced to a level where I now view them as fairly valued. [...]
The J.M. Smucker Company (SJM) released its Q2 2019 results before the market opened on November 28, 2018. EPS guidance was lowered and shares dropped in value by $7.90/share (~7.24%) by market close. I recognize SJM is a company undergoing a transformation and in exchange for my patience while it undergoes this transformation I want [...]
Scotiabank (BNS) released its Q4 and FY2018 results on November 27, 2018. BNS has underperformed its Big 5 counterparts over various timeframes and shares are currently off ~21% from the 52 week high. Rather than view this as a negative I encourage investors to view this as a positive. The time to invest in great [...]
I periodically employ a conservative 'out of the money covered call' option strategy when I think I can generate some option premium income and I have a strong probability of retaining the underlying security. On November 15th I wrote an article in which I indicated I had written the following covered calls: The J.M. Smucker [...]
Highly aggressive investment strategies are wonderful....when/if they work. Here is an example of a hedge fund which destroyed its clients' investments. I share this YouTube video message from a hedge fund manager to demonstrate how highly aggressive investment strategies can be detrimental to enhancing long-term shareholder wealth creation. As a relatively conservative investor I [...]
