Recent Buy – RACE

BuySell

A quick update on a recent purchase in my portfolio. This time, another new position in my portfolio.

As I read and learn more about investing and valuation models, I have come to realize that paying higher attention to Return on Invested Capital (ROIC) (and other similar metrics such as ROE, FCF etc) and qualitative aspects of a company present a better probability of finding compounding machines. A good read on this topic is a blog post from Intrinsic Investing about finding the next ROIC machines. As outlined towards the end, investors should look for companies that have economic moats, owner-operators, intrinsically understandable & sound business model, and value accretive to all stakeholders. I believe this new addition to my portfolio checks all those boxes and is a good candidate for a long term compounder.

Continue reading

3 Recent Buys – CSU, JNJ, BIP

BuySell

A quick update on three recent purchases in my portfolio. One of these three purchases is a new company in my portfolio. This is a company that I have been obsessively reading about for months now and finally decided that I need to own a piece of it. As a growth-focused company, this may not appear cheap for value investors, but the company has a proven track record of amazing capital allocation, diligent screening process for its growth through acquisitions, a legendary leader, cornering various niche markets…and the list goes on.

Continue reading

2 Recent Buys – JNJ, CWO

BuySell

A quick update on two purchases in our portfolios. It is getting harder and harder to find good value plays as the market seems be pushing the boundaries on the valuation front. With a lot of stocks trading close to 52-week highs, pickings have been pretty slim. However, due to an oversized cash position, I decided to pay up and put some capital to work.

Continue reading

3 Recent Buys – BAM, BCE, EVI

BuySell

A quick update on three purchases in our portfolios. It is getting harder and harder to find good value plays as the market seems be pushing the boundaries on the valuation front. With a lot of stocks trading close to 52-week highs, pickings have been pretty slim. However, due to an oversized cash position, I decided to pay up and put some capital to work.

Continue reading

2 Recent Buys – BIP, TD

BuySell

A quick update on a couple of purchases in our portfolios. It is getting harder and harder to find good value plays as the market seems be pushing the boundaries on the valuation front. With a lot of stocks trading close to 52-week highs, pickings have been pretty slim. However, due to an oversized cash position, I decided to pay up on a couple of strong companies and add to my existing positions.

Continue reading