Companies in which investment in growth has been performed wisely over a prolonged period are oftentimes family-controlled companies for which the street and activists cannot interfere. This is one of those companies. Summary Majority ownership in this company is held by one of Canada’s top 100 wealthiest families. This company has generated a 12.7% compound [...]
Summary Majority ownership in this company is held by one of Canada’s top 100 wealthiest families. This company has generated a 12.7% compound annual growth in net equity value since inception (1969). The company’s stock price is ~61% of net equity value per common share. The strategy is to accumulate shareholder value through long-term [...]
There should be no need to speculate by investing in less than stellar companies. Invest in good solid companies and approach your investments like you are a business owner. Summary This company recently released its Q4 and FY2018 results and Mr. Market responded with a +11% increase in the company’s stock price. The Board [...]
This company recently released Q2 2018 results. It is a leader amongst its peer group. The company's dividend policy was amended in 2012 which results in the payment of 'special dividends' in addition to its regular quarterly dividends. Investors who rely exclusively on stock screeners could end up overlooking this company depending on the search [...]
Summary Stock screeners have shortcomings which can result in investors overlooking opportunities. This company was founded in 1898 but only went public in 2002. It operates in a highly competitive industry and faces considerably regulatory scrutiny. Investors seeking to minimize credit risk will likely find this company to be appealing. This stock is certainly not [...]
Summary CNR is one my top 15 holdings overall (within and outside the FFJ Portfolio). CNR’s relationship with certain segments of its customer base took a severe hit late 2017 and early 2018 which led to the ousting of CNR’s CEO. Under the new CEO, CNR has taken significant steps to repair these relationships of [...]
This is a classic example of why I focus on investing for the long-term. This company released its Q2 2018 results and Mr. Market immediately lopped $4.83B from this company's market cap relative to the previous business day's market cap. By market close, this company's market value exceeded that of the prior business day. [...]
Summary Skip excitement when it comes to investing. Hold shares in dependable companies with competitive advantages such as this company. Markets are irrational in the short-term. ~$4.83B in market value was lopped off this company’s market cap the morning of July 24th but that was fully recovered by the end of the trading day. Shares [...]
Summary This fairly recently acquired member of the FFJ Portfolio just reported Q2 2018 results wherein Total Revenue increased 7% of which 4% was organic growth. All 7 of the company’s business segments delivered positive YoY organic revenue growth but 5 of the business segments missed quarterly revenue expectations and only 2 units beat expectations. [...]
Stanley Black & Decker is currently fairly valued and I view it as an attractive investment for disciplined investors with a long-term investment horizon. It is a member of the exclusive Dividend Kings group of companies. These are companies which have a 50+ year of uninterrupted dividend increases. Members of the FFJ community can [...]
