What did you Buy? What might you buy? (2018)

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What did you Buy? What might you buy? (2018)

Post by Peculiar_Investor »

This topic is where you can post actual or potential buys in 2018! We'd ask that you please include your rationale for the education of other FWF'ers. Posting that you bought nnn shares of company ABC for $xx without explaining what was behind the decision is just scorekeeping and doesn't really benefit others.
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Re: What did you Buy? What might you buy? (2018)

Post by blackball »

Bought some UGAZ (close short position) and UNG (open long) on dec 28th to settle on jan 2nd. Should that fall into this thread? :D
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Re: What did you Buy? What might you buy? (2018)

Post by Spudd »

blackball wrote: 01 Jan 2018 14:18 Bought some UGAZ (close short position) and UNG (open long) on dec 28th to settle on jan 2nd. Should that fall into this thread? :D
We'd ask that you please include your rationale for the education of other FWF'ers. Posting that you bought nnn shares of company ABC for $xx without explaining what was behind the decision is just scorekeeping and doesn't really benefit others.
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Re: What did you Buy? What might you buy? (2018)

Post by blackball »

Spudd wrote: 02 Jan 2018 16:47
blackball wrote: 01 Jan 2018 14:18 Bought some UGAZ (close short position) and UNG (open long) on dec 28th to settle on jan 2nd. Should that fall into this thread? :D
We'd ask that you please include your rationale for the education of other FWF'ers. Posting that you bought nnn shares of company ABC for $xx without explaining what was behind the decision is just scorekeeping and doesn't really benefit others.
near month nat gas futures moved from contango to backwardation. timing is to recognize capital gains in 2018 tax year vs 2017 tax year.
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Re: What did you Buy? What might you buy? (2018)

Post by Thegipper »

Bought 900 shares in AAR.UN. I like the 6 PE and a 4.8 yield. I like the narrative. In the age of Amazon and e-commerce the demand for warehouse space is very strong. They have a solid footprint in both Canada and the USA. It also fits in with my strategy for our TFSAs.
Last edited by Thegipper on 03 Jan 2018 00:11, edited 1 time in total.
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Re: What did you Buy? What might you buy? (2018)

Post by milton »

Picked up Clearwater Seafoods in non-reg account at $7.31 today. 10% of the non-reg account is devoted to a static selection of equal weighted small caps, the others being AFN, AGT, CPH, DSG, GC, HLF, INE, ITP, KBL, LIQ, MSI, NFI, NWC, PBH, STB, and WEQ. Rationale: CLR was beaten up the most. Earnings were down because Canadian dollar went up and they lost their Arctic Surf Clam licence monopoly. On the plus side, the Nova Scotia Mi'kmaq (who got part of the licence) have announced they're partnering with Clearwater because state of the art clam vessels are a big capital investment, something in the order of 50-70 million. Clearwater also announced corporate restructuring in November. Most of the non-reg account is ZCN all-cap index, which is mainly financials, energy, and mining. None of the small caps are financials, energy, and mining, so they act as a ballast. And I find that, because of the reversion to the mean, getting whatever is most beaten up works out. Most of the time.
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Re: What did you Buy? What might you buy? (2018)

Post by AltaRed »

Thegipper wrote: 02 Jan 2018 18:44 Bought 900 shares in AAP.UN. I like the 6 PE and a 4.8 yield. I like the narrative. In the age of Amazon and e-commerce the demand for warehouse space is very strong. They have a solid footprint in both Canada and the USA. It also fits in with my strategy for our TFSAs.
Do you mean AAR.UN? Pure Industrial REIT? It's been in my portfolio for about 4 years and will continue to be a full position.
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Re: What did you Buy? What might you buy? (2018)

Post by Thegipper »

AltaRed wrote: 02 Jan 2018 21:32
Thegipper wrote: 02 Jan 2018 18:44 Bought 900 shares in AAP.UN. I like the 6 PE and a 4.8 yield. I like the narrative. In the age of Amazon and e-commerce the demand for warehouse space is very strong. They have a solid footprint in both Canada and the USA. It also fits in with my strategy for our TFSAs.
Do you mean AAR.UN? Pure Industrial REIT? It's been in my portfolio for about 4 years and will continue to be a full position.
That's correct. I have been looking at as a number of options for a TFSA and after a objective analysis this was my selection. WIR.UN was a close second. It is a smaller cap in the space with a bigger dividend.
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Re: What did you Buy? What might you buy? (2018)

Post by scomac »

Initiated a new position in (NWL) Newel Brands. This stock had been hit hard in the last quarter or so with a big miss and then guiding lower. Fundamentally it's very cheap, especially for a US consumer stock. Nice suite of products that are of the repeat purchase variety; very dull and boring businesses. It seems to have found a bottom through the tax-loss selling season and has been moving upwards since that time. A turn around candidate with lots of upside based on historical valuations.
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Re: What did you Buy? What might you buy? (2018)

Post by Thegipper »

scomac wrote: 03 Jan 2018 13:41 Initiated a new position in (NWL) Newel Brands. This stock had been hit hard in the last quarter or so with a big miss and then guiding lower. Fundamentally it's very cheap, especially for a US consumer stock. Nice suite of products that are of the repeat purchase variety; very dull and boring businesses. It seems to have found a bottom through the tax-loss selling season and has been moving upwards since that time. A turn around candidate with lots of upside based on historical valuations.
Totally agreed. I am not normally a value investor. Notwithstanding this one looks to good to stay away from.
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Re: What did you Buy? What might you buy? (2018)

Post by Peculiar_Investor »

Internal cash flow continues to put our fixed income allocation below target weight specified in our Investment Policy Statement target ranges. Used some of that cash in a registered account to purchase another component of the 2027 rung for our 10-year bond ladder. Bought Husky Energy (A low) 3.60% bond maturing 10-Mar-2027 at 100.321 to yield 3.56% to maturity. The current construction of the ladder is slightly underweight A- or better credit qualify bonds, so I'm generally shopping in that area while holding my nose at the yields available, particularly as I try to maintain an appropriate level of diversification between issuers.

We have now got 2027 at ~70% complete and nothing yet for 2028, so I guess it's really a 9 year bond ladder. Average yield to maturity is 4.82 years and the ladder's YTM is currently 3.12%.
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Re: What did you Buy? What might you buy? (2018)

Post by scomac »

Peculiar_Investor wrote: 04 Jan 2018 09:12 Internal cash flow continues to put our fixed income allocation below target weight specified in our Investment Policy Statement target ranges. Used some of that cash in a registered account to purchase another component of the 2027 rung for our 10-year bond ladder. Bought Husky Energy (A low) 3.60% bond maturing 10-Mar-2027 at 100.321 to yield 3.56% to maturity. The current construction of the ladder is slightly underweight A- or better credit qualify bonds, so I'm generally shopping in that area while holding my nose at the yields available, particularly as I try to maintain an appropriate level of diversification between issuers.

We have now got 2027 at ~70% complete and nothing yet for 2028, so I guess it's really a 9 year bond ladder. Average yield to maturity is 4.82 years and the ladder's YTM is currently 3.12%.
[OT]
Bond ladders aren't very exciting, that's for sure. It's almost worthy of a celebration when you can find a YTM of 3% or greater on and "A" or better bond.

I've got one coming due in April and I'm not sure what I'm going to do with those funds; extend the ladder out of 2026 which would now be two years beyond plan or just buy and ETF for the liquidity. The plan was to annuitize at 65, but the ladder now extends beyond that point. I'm even beginning to wonder if I should be withdrawing funds going forward before pension incomes commence and make my yearly TFSA contributions with funds from RRSP.[/OT]
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Re: What did you Buy? What might you buy? (2018)

Post by JaydoubleU »

Added to a small holding in Acadian Timber (ADN). If we are headed into a period of inflation, timber is a good place to be. ADN has become a bit of a dividend growth play as well, with a 10% increase last year and 6% five-year average. It is more cyclical than I usually like, but I think timberlands are a good long term idea. Anyway, my smallest holding and won't likely get much above 3%.
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Re: What did you Buy? What might you buy? (2018)

Post by deaddog »

DOO;
This is a reversal play, expecting the stock to recover from here and resume its uptrend.
A close below 45.50 will prove me wrong and I'll be out
At risk is less than 0.5% of my portfolio
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Re: What did you Buy? What might you buy? (2018)

Post by schmuck »

Thegipper wrote: 03 Jan 2018 18:09
scomac wrote: 03 Jan 2018 13:41 Initiated a new position in (NWL) Newel Brands. This stock had been hit hard in the last quarter or so with a big miss and then guiding lower. Fundamentally it's very cheap, especially for a US consumer stock. Nice suite of products that are of the repeat purchase variety; very dull and boring businesses. It seems to have found a bottom through the tax-loss selling season and has been moving upwards since that time. A turn around candidate with lots of upside based on historical valuations.
Totally agreed. I am not normally a value investor. Notwithstanding this one looks to good to stay away from.
NWL caught my attention when it made Norm Rothery's ALL STAR list for 2018. Scott's post revived my interest in it, and I took the plunge today. Just couldn't figure how a formidable trio like Norm, scomac, and Thegipper could possibly be wrong.
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Re: What did you Buy? What might you buy? (2018)

Post by Hammerer »

Was thinking I'd be able to pick up some cheap Intel because of the big news about the CPU bug, but it's barely budged. Strange.
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Re: What did you Buy? What might you buy? (2018)

Post by ig17 »

Hammerer wrote: 04 Jan 2018 18:19 Was thinking I'd be able to pick up some cheap Intel because of the big news about the CPU bug, but it's barely budged. Strange.
The performance degradation from the bug fix turned out to be not as bad as initially reported. Only certain specific types of CPU workloads are affected. For example, Amazon AWS statement:

"We don’t expect meaningful performance impact for most customer workloads," the cloud giant said. "There may end up being cases that are workload or OS specific that experience more of a performance impact. In those isolated cases, we will work with customers to mitigate any impact."
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Re: What did you Buy? What might you buy? (2018)

Post by beachcomber »

Thanks to Scomac and Thegipper for their heads ups on NWL. As one of this forums CCCs (conservative, crusty curmudgeons) I will follow and study this stock. The fact that it has been so beat up in recent years, and yet the Vanguard people seem to remain among the majority shareholders tweaks my interest. May 2018 bring good returns to all!
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Re: What did you Buy? What might you buy? (2018)

Post by Peculiar_Investor »

scomac wrote: 04 Jan 2018 09:37 It's almost worthy of a celebration when you can find a YTM of 3% or greater on and "A" or better bond.
I periodically run 'weird' fixed income screens at TD DI to see if I can find oddball, small lot offerings. I can report some success today that might be worthy of celebration. I found a small inventory of a Bank of Nova Scotia strip (AA-) with maturity of 20-Jun-23 with a YTM of 3.10% that was just large enough to soak up remaining cash in my spouse's LIRA (registered) account. Every bps counts. Purchased.
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Re: What did you Buy? What might you buy? (2018)

Post by AltaRed »

Those odd, small lot offerings do pop up from time to time but rare is the instance than an odd lot appears at the same time one is ready/able to invest. When it does, it is like winning some tokens at the casino.
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Re: What did you Buy? What might you buy? (2018)

Post by Taggart »

Just added to Canadian Utilities (CU). Had some spare cash. The electrical utilities sector was down the most in the taxable portfolio. My other choices in that sector, Emera and Fortis were already fully allocated which is why I went for CU.
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Re: What did you Buy? What might you buy? (2018)

Post by scomac »

AltaRed wrote: 05 Jan 2018 10:27 Those odd, small lot offerings do pop up from time to time but rare is the instance than an odd lot appears at the same time one is ready/able to invest. When it does, it is like winning some tokens at the casino.
Indeed. AS fate would have it I was looking this morning at the offerings in 1 to 4 years maturity and ran across a couple of small lots that were trading a good 30 points higher YTM than their peers. Problem is my bond doesn't mature until April 01, so who knows what will be available at that time.
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
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Re: What did you Buy? What might you buy? (2018)

Post by deaddog »

AX.un & CIX;

Both are in an uptrend making new highs.
Both have a decent dividend,
Longer term trades. AX.un has support around $13.00 nd CIX around $27.50
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Re: What did you Buy? What might you buy? (2018)

Post by AltaRed »

scomac wrote: 05 Jan 2018 11:35 Indeed. AS fate would have it I was looking this morning at the offerings in 1 to 4 years maturity and ran across a couple of small lots that were trading a good 30 points higher YTM than their peers. Problem is my bond doesn't mature until April 01, so who knows what will be available at that time.
It seems to be a 'spot' opportunity, or perhaps a few days at most depending on who is shopping when. When I have a bond come due, I will give it up to a week to shop for bargains...and then I just bite what is available. Life is too short to scrub through daily offerings very long.
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Re: What did you Buy? What might you buy? (2018)

Post by goleafsgo »

Dipped a toe into VXC.....very little thinking on my part (which I'm good at) gets me both geographic and asset diversification....I also like their slant toward Uncle Sam.....bonus is Vanguards usual rock-bottom fees.
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