This brief FFJ Portfolio - March 2023 Report is an overview of recent activity. New Positions I have been investing in equities since the late 1980s. In the span of ~3.5 decades, I have made my share of errors of omission and commission. One such error of omission is my failure to invest in BlackRock [...]
In times of uncertainty, it helps if we use common sense when it comes to investing. Before I delve into why Paychex (PAYX) should appeal to risk-averse investors, I provide goeasy Ltd. (GSY.to) as an example of a company that should alarm investors; I touched upon this company in my December 27, 2020 post. GSY [...]
I can't think of a more fitting image for this post than to show how Berkshire Hathaway (BRK) has performed relative to the S&P500 (with dividends included) in just under 60 years. For several years I have trusted BRK in times of uncertainty. Now that I am helping a couple of young investors with minimal [...]
I consider Genuine Parts' (GPC) valuation to be compelling. This is a very different conclusion than that reached when I last reviewed it in this December 3 2022 post. 2023 Investor Day On March 23, GPC held its 2023 Investor Day in which it provided a strategic update on its key growth initiatives and outline [...]
In January, my Scotiabank (BNS) Is A Terrible Long-Term Investment guest post was published at Dividend Power. My recent TD Bank (TD) guest post is now accessible at Dividend Power. In my opinion, TD is far more appealing than BNS from a total long-term investment return perspective. Furthermore, I deem TD's credit risk to be [...]
A good time to initiate a BlackRock, Inc. (BLK) position would have been in late September/early October. However, due to an unexpected opportunity disclosed in my FFJ Portfolio – September 2022 Report, I regretfully had to remain on the sidelines. By the time my liquidity had improved, BLK's share price had rocketed higher and its [...]
In my A Look At Dividend Champion Jack Henry & Associates post at Dividend Power, I note that although JKHY's share price has retraced to the mid $160s from its ~$213 intra-day high set in early July 2022, the share price decline is no justification to acquire shares. A company's share price is merely what [...]
This brief FFJ Portfolio - February 2023 Report is an overview of recent activity. I remain cautious about the broad market conditions and made no purchases during the month. Exited Positions After reviewing Stryker Corporation (SYK) I disclosed my decision to exit this position in this February 8, 2023 post; I have not redeployed the [...]
On February 21, Home Depot (HD) released Q4 and FY2022 results (January 29, 2023 FYE) and FY2023 guidance. Management expects 2023 to be a year of moderation and is targeting approximately flat comp sales and a mid-single-digit percent decline in diluted EPS compared to the prior fiscal year. This guidance has not been well received [...]
Fortunately for Rollins (ROL), pests are indifferent to economic conditions. It generates ~80% recurring revenue and boats 20+ years of revenue growth. I last reviewed this holding in my November 19, 2022 post. With the release of FY2022 results following the February 15 market close, I revisit it to determine whether I should acquire additional [...]