Hormel Foods Corporation Stock Analysis – I Have Added this Dividend King to My FFJ Portfolio

Summary

  • Hormel held its Investor Day June 15, 2017 wherein it provided a great overview of the company`s growth opportunities.
  • HRL`s long-term targets are 5% top-line growth, 10% bottom-line growth, and margins in the top quartile of its peers by 2020.
  • It is one of a few companies which have increased the annual dividend for 50+ consecutive years thus placing it in the exclusive Dividend King group of companies.
  • HRL`s stock price has retraced from a high set in August 2016. Current valuation levels are now reasonable.

Continue reading “Hormel Foods Corporation Stock Analysis – I Have Added this Dividend King to My FFJ Portfolio”

Manulife Financial Corporation Stock Analysis – This Ranks As One of My Top 5 Worst Investments

Summary

  • This Manulife Financial Corporation stock analysis is based on Q1 2017 results.
  • Manulife is the largest life-insurance company in Canada and ranks among the top 5 globally.
  • Manulife has either been a wonderful or a terrible investment with much dependent on when you acquired shares subsequent to it being demutualized in 1999.
  • I suggest readers take a “pass” on Manulife. There are far better investment opportunities in the universe of publicly listed companies.

Continue reading “Manulife Financial Corporation Stock Analysis – This Ranks As One of My Top 5 Worst Investments”

The J.M. Smucker Company Stock Analysis – Welcome to My FFJ Portfolio

Summary

  • This The J.M. Smucker stock analysis is based on Q4 and FY2017 results released June 8, 2017 and its 2018 forecast.
  • I have been looking to increase my exposure in the Consumer sector and view the Non-Cyclical Consumer Goods space as one likely to experience a lower level of volatility.
  • SJM has been on my radar but I have viewed the stock as overpriced. The price has retraced to a level where I now view SJM as fairly priced.
  • It has been in business for 120 years, has several iconic brands in its portfolio, and meets my criteria for a company in which I want to invest for the long-term.
  • SJM generates strong free cash flow which will enable management to deleverage while making astute “bolt-on” acquisitions thus resulting in strong stock price appreciation over the long-term.

Continue reading “The J.M. Smucker Company Stock Analysis – Welcome to My FFJ Portfolio”

Schedule I Canadian Banks – (part 6 of 6): National Bank of Canada Stock Analysis and Overall Ranking of the Big 6 Banks

Summary

  • This National Bank of Canada Stock Analysis is the sixth of a 6 part series covering the Big 6 Canadian Banks.
  • National Bank of Canada reported Q2 2017 results May 31st that were positively received by the market.
  • Liquidity Ratios continue to be strong thus providing investors with assurances that an investment in the bank is relatively safe.
  • Pockets of the Canadian real estate market are wildly overheated but NA’s real estate portfolio is significantly less exposed to these areas than its larger peers.
  • NA is not nearly as diversified as its largest competitors and I am not enamored with some of the regions in which it has expanded in the past few years.
  • A recap is provided in which I have ranked my take on the 6 Canadian Banks from a long-term investment perspective.

Continue reading “Schedule I Canadian Banks – (part 6 of 6): National Bank of Canada Stock Analysis and Overall Ranking of the Big 6 Banks”

Schedule I Canadian Banks – (part 5 of 6): The Bank of Nova Scotia Stock Analysis

Summary

  • This The Bank of Nova Scotia Stock Analysis is the fifth of a 6 part series covering the Big 6 Canadian Banks.
  • BNS reported Q2 2017 results May 30th and its Liquidity Ratios continue to be strong thus providing investors with assurances that an investment in the bank is relatively safe.
  • BNS is Canada’s most international bank and its geographical diversification provides it with a superior ability than some of its peers to weather a financial storm.
  • Pockets of the Canadian real estate market are wildly overheated but BNS is an extremely prudent lender and it actually started dialing back its new mortgage business in 2016.
  • BNS is an attractive long-term investment with a solid dividend payment history.
  • I suspect we will experience a major market correction within the next 12 months and urge caution.

Continue reading “Schedule I Canadian Banks – (part 5 of 6): The Bank of Nova Scotia Stock Analysis”

Schedule I Canadian Banks – (part 4 of 6): Canadian Imperial Bank of Commerce Stock Analysis

Summary

  • This Canadian Imperial Bank of Commerce Stock Analysis is the fourth of a 6 part series covering the Big 6 Canadian Banks.
  • CM reported Q2 2017 results May 25th and its Liquidity Ratios continue to improve thus providing investors with assurances that it remains a safe bank.
  • Growth in its residential real estate portfolio is outpacing that of its competition as a result of major changes it has made over the past few years in the manner in which it sources business.
  • Pockets of the Canadian real estate market are wildly overheated but CM’s results indicate its real estate related loan portfolio is of sound quality.
  • While CM is an attractive long-term investment with a history of having not missed a dividend payment since its first dividend payment in 1868, other Canadian FIs are better investments.
  • I suspect we will experience a major market correction within the next 12 months and urge caution.

Continue reading “Schedule I Canadian Banks – (part 4 of 6): Canadian Imperial Bank of Commerce Stock Analysis”

Schedule I Canadian Banks – (part 3 of 6): The Toronto-Dominion Bank Stock Analysis

Summary

  • This The Toronto-Dominion Bank Stock Analysis is the third of a 6 part series covering the Big 6 Canadian Banks.
  • TD reported strong Q2 2017 results May 25th and its Capital Measure Ratios continue to be acceptable and stable.
  • Pockets of the Canadian real estate market have been wildly overheated and a cooling appears to be taking hold.
  • Investors are questioning what will be the impact on bank earnings if there is a major correction in real estate values.
  • TD is an attractive long-term investment but I suspect we will experience a major market correction within the next 12 months and urge caution.

Continue reading “Schedule I Canadian Banks – (part 3 of 6): The Toronto-Dominion Bank Stock Analysis”