2 Recent Buys – BCE, XLY

BuySell

A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions.

  • First purchase: I added 60 shares of BCE Inc (BCE.TO) @ $53.40. I’ve had my eye on the telecom sector for a while and after a lot of lowball offers that did not get executed, I decided to up my offer a bit and finally got filled. BCE owns interests not only in the telecom, but expanding heavily into the media & content business. With the stock yielding 5.6%, the purchase adds a nice $181.20 in forward annual dividends.
  • Second purchase: I added 2000 shares in Auxly Cannabis (XLY.V) @ $1.07. The company has recently undergone some transition and changed name from Cannabis Wheaton Income (CBW) to Auxly Cannabis. Auxly remains a great financier in the field of cannabis and has a great leadership team with Chuck Rifici as CEO. A sector in its infancy, there is immense chatter about buyout and large investment targets, esp with the large alcohol companies targeting Canadian LPs for marijuana-flavored drinks. I am a little disappointed with the price I paid since I was looking to add at $0.75, but my trade didnt get executed (missed it by $0.01), and the following day the stock rallied massively. Still think its a decent price and my ACB remains well under $1.

Full Disclosure: Long BCE.TO, XLY.V. Our full list of holdings is available here.

8 thoughts on “2 Recent Buys – BCE, XLY

  1. Interesting buys, heard about BCE before and they seem quite popular! Never looked into the weed stocks myself though, but here in The Netherlands they are quite popular as well! Can’t go wrong adding value to your portfolio, congratulations!

    • Are there any public companies in The Netherlands for weed production and distribution? The upcoming legalization in Canada for recreational use sure has sent the industry in frenzy. A lot of companies and Im sure most will fail…but I am looking to pick some that have good leadership and enough of a portfolio to navigate the minefield of challenges in a fledgling industry.

      Best
      R2R

  2. nice buys Road!

    interestingabout the name change of cannabis wheaton.

    man dope stocks have taken off lately. iwas debating canopy at 30 bucks then the nextday constellation brandsannounced their deal and the stock flew. would of made a 100% profit in like a couple weeks…

    dam…. lol

    cheers

    • I agree with the name change…I liked the old one better. The streaming position they have taken is pretty unique. I am not aware of similar models, but its still a very young fledgling industry. Not exactly the same model, but another one that I find very interesting is CannaRoyalty (CRZ.C) — which I also own. Their exposure and focus remains in the US market.

      cheers
      R2R

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.