I have a positive outlook on Chevron Corporation's (CVX) long-term potential in that in recent years CVX has been repositioned to deliver long-term value to investors. There is growing demand for its products and efficient capital employment should enable it to continue to generate superior returns relative to its largest competitors. CVX generates strong cash [...]
I recently disclosed that I have initiated a position in Stryker Corporation (SYK). I have a long-term positive outlook on the company but am not ruling out the potential for a broad market pullback which would likely result in a drop in SYK's share price. In this brief article I explain the option trade I [...]
The Automatic Data Processing, Inc. (ADP) November 2019 $180 covered calls have just expired worthless meaning I retain the underlying shares and 100% of the option premium (net of nominal trading commission) I collected when I wrote the covered calls in August. In this brief article I look at whether I should write new covered [...]
Stryker Corporation (SYK) has disclosed its intent to acquire Wright Medical Group Inc. (WMGI) with a closing schedule for September 30, 2020. Although this acquisition is larger than the several acquisitions SYK has successfully completed in recent years, I fully expect SYK will achieve the targets it expects to achieve with the acquisition. I expect [...]
Broadridge Financial Solutions, Inc. (BR) released Q1 2020 results and reiterated FY2020 guidance on November 6, 2019. At the time of my August 7, 2019 article I suggested investors might want to wait for BR's share price to pullback further before acquiring shares. With the pullback on November 6th I have taken the opportunity to [...]
Becton, Dickinson and Company (BDX) released Q4 and YTD 2019 results which came in at the low end of guidance. Following this earnings release and FY2020 guidance, BDX's share price has pulled back prompting me to acquire shares for the FFJ Portfolio which are in addition to shares held in undisclosed accounts. Summary BDX released [...]
Church & Dwight Co., Inc.'s (CHD) share price is off ~15.3% from its 52 week high set in August and it has dropped ~$6.50/share following the release of Q3 and YTD2019 results on October 31, 2019. I view CHD as an attractive long-term investment and have acquired additional shares despite CHD already being a Top [...]
This is my October 2019 FFJ Portfolio update. The portfolio was created in January 2017 for the purpose of demonstrating how investing in high quality companies with competitive advantages and with a record of consistently increasing dividends can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend [...]
Alimentation Couche-Tard (TSX: ATD.b) is the 2nd largest participant in the highly fragmented convenience store industry behind Japan's Seven & I Holdings Co. (7-Eleven chain). ATD is consistently profitable, generates strong Free Cash Flow, and intends to double in size within the next 5 years. ATD will appeal to investors seeking growth versus dividend income. [...]
McDonald's Corporation (MCD) released Q3 and YTD results on October 22, 2019. At the time of my August 3rd article my analysis suggested that MCD shares were somewhat expensive. I indicated that I would be open to acquiring additional shares if the valuation were to retrace to a more acceptable level. MCD's valuation has recently [...]
