What did you Buy? What might you buy? (2017)

Discuss your favourite picks, broker, and trading or investment style.
Sensei
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Re: What did you Buy? What might you buy? (2017)

Postby Sensei » 05 Jan 2017 03:44

Hi,

Thegipper wrote:

I have bought CVR in late December. I am wondering how repealing Obama care will have on this stock. Don't think it would be good. Any thoughts on CVR?


Do you mean CVS? I have backed 'the person who shall remain unnamed' out of my trades since the US election for two reasons:
1. We simply don't know what he is going to do. Make companies repatriate offshore funds??? Maybe, maybe not. Repeal Obamacare? I can't see it but, then against all expectations he is the president.
2. A good company can survive any US president and of course presidents are usually around only four years until the people speak again.

Politicians can boost or deflate stocks in the short term but none are your friends in the long term. Quality and value will always out.

That said, I really like CVS mainly because of their supply chain / logistics strategy which is ranked number 2 (after Dollar Tree) by Supply Chain Quarterly. This gives them a significant competitive advantage in the retail drugs space.
Cheers

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jay
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Re: What did you Buy? What might you buy? (2017)

Postby jay » 05 Jan 2017 10:08

AltaRed wrote:
brad911 wrote:
jay wrote:Was hoping to catch Metro (TSE:MRU) for less than $40/share.....


$39.77 right now ?

I am betting this sucker is heading still lower... Looking at a one year chart, the technicals say so. :lol:

P.S. It is on my watch list.


@Brad, I almost bought at $39.87 yesterday but changed my mind last minute. My bet is that it will be down'ish/flat most of the year, hence the reason I decided to enjoy some premium while I wait. If it keeps going down and I do get assigned at $40 then I would look to average down at $35.

@Alta, what it is your buy target?

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Re: What did you Buy? What might you buy? (2017)

Postby Thegipper » 05 Jan 2017 11:11

Took a small position in PHO and DUG both on the venture exchange. PHO is a company that has technology to monitor underground infrastructure like pipelines. Dug specializes in replacing things like cable and fiber optics. They have started doing a lot of work for BCE. The numbers they reported last quarter were very strong. These are just a little gambling . Will be looking for the next quarters financial statements. One most remember that all big cap companies started as a small caps.

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Re: What did you Buy? What might you buy? (2017)

Postby schmuck » 05 Jan 2017 14:31

Added to my holdings in SLF, MFC, and ZBK (equal weight US banks ETF). I think they will all benefit from US tax cuts, deregulation, and especially higher interest rates which could be just the beginning of a longer term trend.

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Re: What did you Buy? What might you buy? (2017)

Postby Koogie » 05 Jan 2017 14:54

Rather than reinvent the wheel with this years TFSA contributions, we just bought more of the same.

That means more SRU.UN for me. Still like this REIT and see no reason not to at current prices.

For the DW, that meant more T and more PWF. I had to hold my nose a little since they are both
trading at high levels. But far be it for me to argue.....
Buy very little, sell even less.

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Re: What did you Buy? What might you buy? (2017)

Postby AltaRed » 05 Jan 2017 14:59

jay wrote:@Alta, what it is your buy target?

A bit of a moving target depending on forward quarterly results but with what I know now, $35 give or take. $35 puts it at about resistance levals back in early 2015 (but after the big pop), but more importantly P/E closer to 14 and P/B of 3. One does not buy this stock for its yield. It's about more stability in the consumer staples sector that is hard to come by in Canada, and capital appreciation....which is most likely slow but steady. I am dearth of consumer staples in my holdings.
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Re: What did you Buy? What might you buy? (2017)

Postby westcoastfella » 05 Jan 2017 19:56

Added the following new to my portfolio:

NWC: another re-add for me, I held them until 2014, but dumped them when they seemed to have stalled revenue and growth-wise at the time. They remained on my watchlist and I've since re-added them, albeit at a higher price than I could have a month ago :x . They seem to have re-found some growth, and are good value (P/E wise) compared to other players in the consumer staples sector. They seem to be growing again, they have a healthy dividend, while at a higher payout rate than I would like, is still covered by earnings. I'm not sure if this is a long term hold for me yet, time will tell.

ITP: In another thread gipper mentioned his reservations towards Richards Packaging valuation, I had been feeling the same way, it seems to have stalled out. ITP has been on my watchlist for a while as a potential addition, or replacement to Richards. It gets consistent buy ratings from analysts, and seems to have better growth prospects than other comparable companies in its space, as well as a reasonable dividend that is easily covered. I also sold my Richards, as I didn't want to have 2 investments in such a narrow space.

I also added to existing positions in POW, BPF.UN, CHE.UN.

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Re: What did you Buy? What might you buy? (2017)

Postby jay » 06 Jan 2017 10:20

westcoastfella wrote:Added the following new to my portfolio:

NWC: another re-add for me, I held them until 2014, but dumped them when they seemed to have stalled revenue and growth-wise at the time. They remained on my watchlist and I've since re-added them, albeit at a higher price than I could have a month ago :x . They seem to have re-found some growth, and are good value (P/E wise) compared to other players in the consumer staples sector. They seem to be growing again, they have a healthy dividend, while at a higher payout rate than I would like, is still covered by earnings. I'm not sure if this is a long term hold for me yet, time will tell.


pretty much sums up my thoughts on NWC. I also like how it has been making higher lows in the last 5 years. I started a new position recently and will be adding soon.

2 yen
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Re: What did you Buy? What might you buy? (2017)

Postby 2 yen » 06 Jan 2017 11:29

jay wrote:
westcoastfella wrote:Added the following new to my portfolio:

NWC: another re-add for me, I held them until 2014, but dumped them when they seemed to have stalled revenue and growth-wise at the time. They remained on my watchlist and I've since re-added them, albeit at a higher price than I could have a month ago :x . They seem to have re-found some growth, and are good value (P/E wise) compared to other players in the consumer staples sector. They seem to be growing again, they have a healthy dividend, while at a higher payout rate than I would like, is still covered by earnings. I'm not sure if this is a long term hold for me yet, time will tell.


pretty much sums up my thoughts on NWC. I also like how it has been making higher lows in the last 5 years. I started a new position recently and will be adding soon.


Having just seen some of NWC's Caribbean operations up close, it is nice to see geographic diversification in action, so to speak. The same holds for Scotiabank, Royal and CIBC. These markets are small, but it all adds up eventually, I guess.

2 yen

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Re: What did you Buy? What might you buy? (2017)

Postby jay » 06 Jan 2017 12:08

Bought 500 SPY JAN20 190 puts and paid $0.01 for each. Cheap insurance for the next 2 weeks against an unexpected drop. With volatility so low these days as measured by the VIX, my bet is that next week or two will be irrationally volatile as we near Trump's inauguration day.

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Re: What did you Buy? What might you buy? (2017)

Postby westcoastfella » 06 Jan 2017 12:28

2 yen wrote:Having just seen some of NWC's Caribbean operations up close, it is nice to see geographic diversification in action, so to speak. The same holds for Scotiabank, Royal and CIBC. These markets are small, but it all adds up eventually, I guess.

2 yen


I also like the fact that they're outside of Canada, its an interesting twist for a Canadian based grocer, but my interest in NWC has always been rooted in their dominant coverage in northern Canada. To my knowledge they have a near monopoly on grocery stores and distributions to the north, and I'd suspect that its a difficult area to serve which would make it reasonably difficult for another grocer to move into that area. As a result, they can pretty much charge what they like for groceries, and seemingly do so - there is normally an article each year deriding the high cost of food in the north, what will the government do about it, etc...

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Re: What did you Buy? What might you buy? (2017)

Postby schmuck » 06 Jan 2017 12:37

Have gradually been getting back into high yield bond ETFs (JNK and XHY) with a small portion of the proceeds of my Tangerine withdrawals as rates on HISAs seem to be trending down. Been in and out of high yield bonds for over 10 years with some success, and while they are not as wild as the term "junk" may imply, my new position is a mere fraction of my Tangerine withdrawals. High yield bonds have going in the opposite direction of the broad bond market since the election, and their exposure to junior oils does not look as scary as it did a year ago.

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Re: What did you Buy? What might you buy? (2017)

Postby farco » 08 Jan 2017 10:30

I bought some more FC and PIC.A past week.

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Re: What did you Buy? What might you buy? (2017)

Postby jay » 09 Jan 2017 13:40

jay wrote:
westcoastfella wrote:Added the following new to my portfolio:

NWC: another re-add for me, I held them until 2014, but dumped them when they seemed to have stalled revenue and growth-wise at the time. They remained on my watchlist and I've since re-added them, albeit at a higher price than I could have a month ago :x . They seem to have re-found some growth, and are good value (P/E wise) compared to other players in the consumer staples sector. They seem to be growing again, they have a healthy dividend, while at a higher payout rate than I would like, is still covered by earnings. I'm not sure if this is a long term hold for me yet, time will tell.


pretty much sums up my thoughts on NWC. I also like how it has been making higher lows in the last 5 years. I started a new position recently and will be adding soon.


Added to NWC at $27.35 this morning.

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Re: What did you Buy? What might you buy? (2017)

Postby Hammerer » 10 Jan 2017 01:09

farco wrote:I bought some [...] PIC.A past week.

why? Are they trading below NAV?
"Premium Income Corporation (the Fund) is a split share company, which provides investors with exposure to approximately six Canadian banks. "

Why not just buy the big banks directly, or a sampling of them?

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Re: What did you Buy? What might you buy? (2017)

Postby poedin » 10 Jan 2017 13:16

Starting a position (long-term) with ZPR in a taxable account, to be funded by some maturing GICs with an eye to some extra yield.
I can live with the extra volatility and tax efficiency (DTC) :idea: .

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Re: What did you Buy? What might you buy? (2017)

Postby rhenderson » 10 Jan 2017 14:11

Hammerer wrote:
farco wrote:I bought some [...] PIC.A past week.

why? Are they trading below NAV?
"Premium Income Corporation (the Fund) is a split share company, which provides investors with exposure to approximately six Canadian banks. "

Why not just buy the big banks directly, or a sampling of them?


It's the people that are buying PIC.PR.A today @ $15.40 that I have a hard time understanding.Seems a bit futile to me because they will be redeemed Nov 1 this year @ $15.00, only 3 dividends until then, so it's almost a wash unless they are allowed to extend the term.What am I missing ?

jay
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Re: What did you Buy? What might you buy? (2017)

Postby jay » 11 Jan 2017 10:31

Bought some FXB (British pound against the dollar) in my RRSP to add more currency diversification. Pound is at 30+ year low against the dollar.

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Re: What did you Buy? What might you buy? (2017)

Postby Hammerer » 11 Jan 2017 18:50

TFSA purchases:

VCN@ $31.25 to replace my TD e-fund. I'm adding to what I in-kind transferred, so the $10 commission will pay itself off in 6 months of MER savings.
Also trying to replace my US$ TD e-fund with VTI, but my limit order didn't go through.

Paypal Holdings. They're playing games with currency exchange, and making it nigh impossible to avoid paying their 3ish percent vig since ~Dec1st. I think that will 3x their gross margin on a large amount of transactions, which will get reflected over the next few quarters. Strictly not a bet on their financials in any way, I just think there is revenue that is not yet factored in.

Therefore, I don't plan on holding for more than 6 months.

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Re: What did you Buy? What might you buy? (2017)

Postby jay » 13 Jan 2017 11:33

deaddog wrote:TS.b
A technical buy; Price has based for a while and is breaking out above $2.00
On a weekly chart the price has moved above the 30 week moving average and traded higher than the first time it traded above the 30 week ma.
The move is confirmed with the 10ma crossing the 30ma.


Started a new (trading) position this morning at $1.89 in my TFSA, mainly based on technicals. Looking to exit if I can make +20% or if the technicals break.

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Re: What did you Buy? What might you buy? (2017)

Postby JaydoubleU » 13 Jan 2017 17:52

Topped up positions in PPL, POW and FSZ today.

PPL, not especially cheap, but it was the smallest holding and was asking for a little more love. PPL has a lot of projects coming on stream this year. Hope for 5-6% dividend growth going forward.

POW. Yawn. In or out? I guess I'm in for awhile. Lots of varied assets; some exposure to rising rates. Also looking forward to 6-7% dividend growth by early summer.

FSZ had a nice pop in the last few weeks but then dropped back, where I grabbed some more. A mainly institutional manager, FSZ did some neat acquisitions last year, giving them greater expertise in emerging markets and alternative assets. I expect FSZ to be among the strongest dividend growers in my portfolio this year, going from 0.64 to 0.68 to .072, or 12%+

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Re: What did you Buy? What might you buy? (2017)

Postby SkaSka » 17 Jan 2017 15:58

Been buying Brown-Forman (BF.B) around these 52-week low levels. It's been on my watchlist for a long time and it's settling down in price to what I deem to be fair value for what your getting.

Why I like it: take a look at its history of financials and you can see what a marvelous company this is. Consistent high margins, consistently high ROC/ROE/ROIC/ROA, control by the founding family, produces world class brands such as Jack Daniels, Woodford Reserve, Finlandia Vodka, The BenRiach, Herradura, etc. I don't imagine the consumption of bourbon, scotch, vodka, and tequila is going away anytime soon (or ever). They basically mint liquid gold out of wood, corn, wheat, water, and yeast. With this company, I'm not trying to be "too smart" or anything - I just want to purchase at fair prices, add to the collection of other wonderful business holdings, and forget about it. I see these purchases as single base hits, if using a baseball analogy.

Dangers: There's been an explosion in craft distillers in the US for sometime. Craft distillers could potentially takeaway marketshare and proliferate the amount of labels for the consumers to look at, causing confusion and taking away sales from BF.B. Also, there's some new aging techniques being developed that gets whiskey onto the shelf faster that could be utilized by the smaller craft distillers. The popularity in craft distillers might signal a bubble in the industry, placing a premium on the price of all distillers, meaning you might be buying at peak prices at the top of the market cycle in spirits/bourbon, etc. Bourbon and Tennessee Whiskey could go out of fashion (like Canadian whiskey has gone out of fashion relative to the 1980s) and that would have a huge impact on sales and profits as BF.B is largely bourbon and Tennessee whiskey, with sprinklings of scotch, vodka, tequila, and wine.

Those are some of my quick thoughts.

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Re: What did you Buy? What might you buy? (2017)

Postby schmuck » 17 Jan 2017 17:05

Took the gamble that US banks may have overreacted on the downside from Trump's comment about the high USD and bought ZBK (US banks ETF) minutes before the closing bell as it was down 5% on the day. Had also been massaging my bid for JPM all afternoon and decided to lower it after the ZBK purchase, only to discover it also got filled. This all happened while typing with one hand and waiting15 minutes for Tangerine to answer my call. Multitasking just doesn't seem as easy as it used to be. :(

Added: I don't believe that the perception of higher rates, that has ignited US financials since October, can suddenly be changed by one of Trump's one liners. Tax cuts, deregulation, infrastructure spending, and the diminished threat of deflation should continue to bode well for financials. Seems to me Trump will have to try harder to keep his mouth shut, or the market will have to learn take him less serious.


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