Value investing in Canadian companies
There is a common dialog spoken with value stocks that trade at a discount to net asset value (NAV) when someone it trying to make a retort as to why your idea of buying a stock at a discount to net asset value will not work. It typically goes something like this: It doesn't matter … Continue reading NAV discount math
Almost every mainstream personal finance article will contain the same advice: your first priority should be to build an emergency savings fund, then pay off debt then invest for your future in a RRSP/TSFA. I totally agree with the paying off debt and investing parts, but I always thought the idea of having an emergency … Continue reading It’s an Emergency!
Restaurant royalty companies are a unique corner of the Canadian investment space. Rather than investing in the actual business of making and selling food, the holder of the shares gets a percentage off the top line of the underlying restaurant business. That makes these investments preferable to regular stocks in my opinion provided you can … Continue reading Grabbing a slice of dividends (TSE:PZA)
I was an investor in Dundee Corp. preffered shares (TSE:DC.PR.B), but I have sold with about a 25% loss after factoring in dividends. Like most I was attracted to the large dividend yield on the preferred shares and comforted by the diverse set of assets owned by Dundee that backed those yields. What I did … Continue reading Done with Dundee
In the Canadian corporate sphere there are many companies or groups of companies controlled by rich families sometimes going back several generations. In this article I am going to look at the family of companies primarily owned and controlled by the Jackman family of Toronto. The family controls four publicly traded companies: E-L Financial Corporation … Continue reading The Jackman Family Empire
I am doing my first review of a company suggested to me by a follower of my blog. The company is Rocky Mountain Dealerships (TSE:RME). Rocky Mountains owns stores selling farming equipment in the Canadian Prairies. They aim to grow through consolidating small family owned dealerships and gain economies of scale. Evaluating this business through … Continue reading Request: Rocky Mountain Dealerships Inc.
Let's say you have some money that you want to save for a year or two before spending it on a big purchase, such as a house. You want to keep the money safe and since you have a year or maybe more so you would like to make some small gain in the money … Continue reading Preferred Savings
Your investment philosophy is the set of rules, axioms, equations and gut feelings that you use to try and answer the basic questions faced by every investor: should I buy or should I sell? If you don't have an investment philosophy it is better to just buy an index fund as buying and selling stocks … Continue reading My Investment Philosophy
Yesterday I attended the annual general meeting of Hammond Manufacturing Company (TSE:HMM.A) which is my largest stock market investment. It was my first time attending an AGM meeting for a public company I have invested in. The meeting was fairly small but the management was open and friendly and willing to answer any questions. This … Continue reading Hammond Manufacturing AGM (TSE:HMM.A)
It's good to have some investments outside of the public stock market for diversification. One opportunity I will be looking at today is investing in co-operatives. Firstly, what is a co-operative? A co-op is similar to a corporation in that many investors pool their money and resources together to conduct a business. One major difference … Continue reading Be Cooperative
Cold and Rich 