When I initiated a position in Hormel Foods Corporation (HRL) in June 2017, one of the factors I took into consideration was that The Hormel Foundation controls more than 48% of HRL's stock. While some investors may have a negative opinion of the Foundation's degree of control, I viewed this as a 'positive'. HRL is [...]
Subsequent to posting my December 17th Tyson Foods, Inc. (TSN) article in which I disclosed that I had initiated a position, TSN disclosed that an internal review determined that one of its beef suppliers made 'misrepresentations regarding the number of cattle the supplier purchased on behalf of TSN's beef segment.' I stand by my decision [...]
A great many companies in which I wish to increase my exposure or to initiate a position are currently trading at unrealistic valuations which does not bode well for the purpose of generating attractive long-term investment returns. Tyson Foods, Inc. (TSN), however, is currently attractively valued. I have, therefore, initiated a position within one of [...]
On November 20th I initiated a position in Lockheed Martin Corporation (LMT) so as to increase my exposure to the Aerospace and Defense industry. LMT's share price has pulled back subsequent to this November purchase. My underlying thesis for investing in LMT has not changed so on December 15th I acquired additional shares in one [...]
I am helping two young investors build equity portfolios which will consist of shares in high quality companies. On December 9th, following my review of Enbridge Inc.'s (ENB.TO) December 8th Investor Day material, shares in the company were acquired for one of these young investors. Summary On December 8th, Enbridge Inc. held its Investor Day [...]
This is my November 2020 FFJ Portfolio report. 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 [...]
Regretably, the world in which we live is one in which Lockheed Martin Corporation's (LMT) capabilities will continually be required. I like LMT's risk profile and its long-term prospects. I currently view its shares as being resonably valued. Based on my outlook for LMT and my desire to increase my exposure to the Aerospace and [...]
Intact Financial Corporation (IFC), a high quality Canadian based P&C insurance company, released Q3 2020 results on November 4th. On November 9th it disclosed that it and Tryg A/S had formed a consortium for the purpose of making an offer to acquire RSA Insurance Group plc. I view IFC shares as being reasonably valued based [...]
Based on YTD results released October 27th and my outlook for the remainder of the current fiscal year I am of the opinion 3M Company (MMM) is currently fairly valued. I have acquired additional shares within our daugther's non-registered account. Summary MMM released Q3 and YTD results on October 27th which exceeded my estimates used [...]
I am helping two young investors build equity portfolios which will consist of shares in high quality companies. On November 2nd, one of these young investors acquired shares in The Toronto-Dominion Bank (TD) and Brookfield Asset Management (BAM-a). Summary An investment in The Toronto-Dominion Bank and Brookfield Asset Management is unlikely to keep you awake [...]
