Sooner or later we were bound to have a nasty correction. I wasn’t sure what the catalyst would be, but I knew it was coming. We discussed, in subsequent posts, how I thought it might have to do with politics. Instead, a novel virus with origins in Wuhan, China has spread across the world. Thankfully, China now appears to … [Read more...]
Recent Buy: International Business Machines
Towards the end of last year, I added two new positions. With Ameritrade moving to $0 commissions I was able to average in a share or two per week. I eventually built up smaller positions in Honeywell (HON) and Cracker Barrel (CBRL). Honeywell is one of the highest quality industrial companies in the world and thus carries a rich … [Read more...]
Recent Buy: Cracker Barrel
You’re tired and hungry after a long grueling road trip. There’s a McDonalds at every rest stop but you’re just not in the mood. After all, you already had McDonalds for breakfast and stopped at two others to use the bathroom. At the same time, you don’t want to go too far into town. The traffic on main roads right now feels … [Read more...]
Target is #1
In September 2016 I acquired Target’s stock in the upper 60s. This was shortly after the company went “political” and sparked a boycott from conservative groups. In addition, the company was facing stiff competition from Amazon and other retailers were failing everywhere. I watched the stock fall into the lower 50s. As it collapsed further, I … [Read more...]
Recent Buy: MMM & JNJ
For my July purchase I added to my portfolio core. Some of my favorite companies were facing challenging short-term headlines, presenting buying opportunities. JNJ is facing criminal allegations on whether or not they knew about the toxicity of their baby powder. At the same time, 3M is threatened by a trade war with China and a possible … [Read more...]
Recent Buy: Canon
In my efforts to build a more internationally focused portfolio, I came across a company you haven’t heard of in a while. Canon Incorporated (CAJ) is an international conglomerate based in Japan. They are the leading manufacturers of copying machines, laser printers, office multifunction devices, inkjet printers, cameras, semiconductor … [Read more...]