In my Walmart (WMT) guest post at Dividend Power, I touch upon why I do not think it is a safe investment decision at the current valuation. There is nothing fundamentally wrong about the company. The issue I have is that we are experiencing a period of irrational exuberance. Some investors are paying little regard [...]
I last reviewed Intuitive Surgical (ISRG) in this July 23, 2024 post at which time it had just released Q2 and YTD2024 results and shares were trading at ~$461. In that post, I state that ISRG was my 7th largest holding when I completed my 2024 Mid Year FFJ Portfolio Review; the share price at [...]
You can't fix stupid! I limit the time spent on social media platforms but wander on X or Threads in moments of weakness. Every time I do, my heart sinks and I long for the days before everyone and their puppy had internet access. Lately, it seems like 'learning how to trade' is a [...]
The following recent posts focus on the asset management industry. Brookfield Asset Management Exposure Increased Brookfield Corporation – Targeting DE of $5B by 2030 Consider Investing In Asset Managers Select Your Asset Manager Investment Wisely BlackRock – An Asset Manager Investment For The Long Term In keeping with the asset manager theme, I revisit [...]
In my October 16 Select Your Asset Manager Investment Wisely post, I state that there are some great firms in the highly fragmented asset management industry. One such industry participant is BlackRock (BLK) which I consider to be an asset manager investment for the long term. At the end of Q3 2024, it had ~$11.5T [...]
Select your asset manager investment wisely if you are remotely considering investing in an asset manager! On September 27, I published my Consider Investing In Asset Managers post in which I disclosed exposure to BlackRock (BLK), Brookfield (BAM.to and BN.to), and Blackstone (BX). My rationale for investing in these firms is that I want private [...]
When I last reviewed Paychex (PAYX) in this April 3, 2024 post, the most current financial information was for Q3 and YTD2024. In that post, I disclosed the purchase of additional shares @ ~$117.55. Fast forward to October 1. We now have Q1 2025 results and shares are trading @ ~$140.80 as I compose [...]
It seems like it was just the other day that I posted my FFJ Portfolio - August 2024 report. Now it is time for my FFJ Portfolio - September 2024 report. Purchases None. Sales None. Dividend Income Dividend metrics are of little relevance in my investment decision making process. Nevertheless, I track dividend income and [...]
Avoid value traps. I suspect most of us look back on some of our investment decisions and ask 'what was I thinking!?'. I was lulled into investing in some value traps because of: attractive valuation metrics for an extended period (ie. price to earnings (P/E), price to cash flow (P/CF), or price to book value [...]
Lately, I have been giving more thought to how stock-based compensation (SBC) distorts Free Cash Flow (FCF). What If Employee Compensation Was 100% SBC? I have no objection to the use of SBC to reward employees. My concern is when it goes overboard. As a shareholder, I want the weighted average number of diluted outstanding [...]