Summary On January 23, 2018, CNR reported diluted EPS of C$7.24 for 2017, up 55% over 2016 diluted EPS of C$4.67 and adjusted diluted EPS of C$4.99, up 9% over 2016 adjusted diluted EPS of C$4.59. Q4 results were impacted by challenging operating conditions, including harsh early winter weather across the network which increased the [...]
Summary BK is one of the 10 largest asset managers in the world on the basis of assets under management (AUM). Technology spend is significant in order to remain at the forefront of the industry. This makes it difficult for smaller competitors to compete directly with BK in certain lines of business. BK’s earnings should [...]
Summary Fastenal reported Q4 and FY2017 results on January 17, 2017 reflecting double-digit sales and pre-tax earnings growth for the year. This is a very shareholder friendly company. FAST is aggressively growing its Onsite business in an effort to reduce rent related expenses. I intend to acquire FAST shares but am being cautious given current [...]
Summary Becton Dickinson closed the acquisition of CR Bard on December 29, 2017 thus resulting in projected FY2018 annual revenue of ~$16B versus ~$12B in FY2017. The company’s risk profile has changed dramatically as a result of the debt taken on to acquire CareFusion and CR Bard. Debt is now non-investment grade-speculative and lower medium [...]
This article is a cautionary tale of what can happen when you turn over full discretion to a ‘Financial Advisor’ and you pay minimal attention to what is going on. Continue reading...
This post is a follow up to my recent Tips On Your Journey To Financial Freedom article. Unless you come into sudden wealth (eg. inheritance, lottery winnings), the journey will likely be lengthy and the manner in which you acquire your wealth may be varied. Not only will the manner in which you acquire your [...]
Summary Honeywell is a high quality company worthy of holding as a long-term investment even though it does not have an impeccable dividend history. Honeywell will be spinning off two segments of its business before the end of 2018. Studies suggest spin-offs perform well but that investors must stay the course over the long haul [...]
As at December 31, 2017, the market value of all holdings within the FFJ Portfolio exceeded the book value by ~CDN$66,000 and ~USD$136,000. I, however, pay very little attention to the positive variance as I have no intention of selling any holdings. [...]
If one of your burning desires is to achieve financial freedom you: may have spent considerable time researching how you can reach this stage in life in the shortest period of time; may just be beginning your research on this subject matter. I don’t think there is any one right way of doing things. Everyone’s [...]
In this post I put forth my reasons why investors should tune out the noise and continue to invest despite current market conditions. This does not mean I advocate investing in anything and everything and at any price. That would just not be prudent! What I suggest is that investors do their homework, remain disciplined, [...]
