W.W. Grainger (GWW) released its Q3 2018 results on October 16th. Included in these results was a ~$0.139B write-down of Goodwill and Intangible Assets. In addition to this write-down, there has been an impact to revenue by reason of the new revenue recognition accounting standard where certain service costs are reclassified from operating expense [...]
This is the second of two articles in which I look at companies within the coatings industry which have retraced from their respective 52 week highs. The first article covered PPG and this article covers Sherwin-Williams. Summary Following the 2017 Valspar acquisition, SHW is the leader in the highly fragmented coatings industry with the [...]
Attractive buying opportunities have been hard to find and with PPG's stock price having retraced ~22% from its 52 week high I take a look at whether PPG is a worthwhile investment. Summary The news coming from PPG in recent months has been less than positive. PPG released lower earnings guidance for Q3 and Q4 [...]
Market pullbacks are a normal part of equity investing. The pullback we are currently experiencing is not the first time this has occurred and it won't be the last. Pullbacks present you with an opportunity to enhance your wealth or you can suffer a permanent impairment to your capital. This article provides suggestions on how [...]
During my journey to financial freedom I have continually strived to invest in high quality companies. In this post I disclose all the companies in which shares are currently held in the FFJ Portfolio and in undisclosed accounts. In my June 24, 2018 and September 20, 2017 posts which were restricted to subscribers I [...]
The Brookfield group of companies recently held its 2018 Investor Day. This article touches upon the content of the Brookfield Renewable Partners (BEP) presentation. I view BEP as having significant long-term growth potential and the ability to continue to generate attractive investment returns. As a result, I have acquired additional units for the FFJ Portfolio. [...]
The Brookfield group of companies recently held its 2018 Investor Day. This article touches upon the content of the Brookfield Infrastructure Partners (BIP) presentation. I view BIP as having significant long-term growth potential and the ability to continue to generate attractive investment returns. As a result, I have acquired additional units for the FFJ Portfolio. [...]
The Brookfield group of companies recently held its 2018 Investor Day. This article touches upon the content of the Brookfield Property Partners (BPY) presentation. What sets BPY apart from members of its small peer group is its unique ability to allocate capital into private real estate funds. Furthermore, not all peers have the expertise to [...]
Nike is a great company to hold in a well diversified portfolio. The challenge at this stage is that its valuation appears to be somewhat lofty based on earnings projections and taking into account its recently announced 4 year $15B stock repurchase program. I will not be adding to my current position at current levels. [...]
Brookfield Asset Management is a leading alternative asset manager, focused on investing in long-life, high-quality assets spanning over 30 countries globally. The business is organized into the following principal areas: Real Estate, Renewable Power, Infrastructure, and Infrastructure. I highly recommend you listen to Bruce Flatt's, CEO of Brookfield Asset Management, recent presentation at 'Talks at [...]
