2 Recent Buys – CSU, BIP

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A quick update on two purchases in my portfolio from last week. These will probably be the last purchases of the year.

  • First purchase: I added to my position in Constellation Software Inc (CSU.TO) @ $1,229.48. I had already built up a full position, but the recent pullback was too enticing to ignore. I decided to go overweight and add more to my CSU position. This is my fourth iteration of the purchase. See previous purchases here.
  • Second purchase: I added to my position in Brookfield Infrastructure Partners LP (BIP.UN.TO) @ $65.40. The announcement to split between LP & C-corp sent the shares soaring over the past few months and the recent pullback finally allowed me to add more to my position. A current yield of just above 4% is a decent price to pay, with a dividend growth announcement of between 5-9% expected in Feb 2020.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long CSU.TO, BIP.UN.TO. Our full list of holdings is available here.

3 Recent Buys – GOOGL, FSV, TD

A quick update on three purchases in my portfolio from earlier this week.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1285.00. I first initiated a position in GOOGL in Aug 2019 and have been building my position incrementally. This is the third iteration of the purchase. See here for purchases #1 & #2.
  • Second purchase: I added to my newly initiated position in FirstService Corp (FSV.TO) @ $120.10. The company announced a $200M bought deal financing that dropped the share price allowing me to get in at a good entry point. This is still a starter position and I look forward to building it over the coming months. For more details on FSV, the investor chartdeck can be found here.
  • Third purchase: I added to my position in Toronto-Dominion Bank (TD.TO) @ $73.50. The company had disappointing earnings results for Q4 and I took the opportunity to add some shares to my position.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, FSV.TO, TD.TO. Our full list of holdings is available here.

2 Recent Buys – FSV, EQX

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A quick update on two purchases in my portfolio from last week.

  • First purchase: I initiated a new position in FirstService Corp (FSV.TO) @ CAD $122.00. I have had my eye on FSV for about a year and finally pulled the trigger on a starter position. FSV is real estate operating company (REOC) company with operations in US & Canada (95/5 split). This company flies under the radar for different reasons, but is an excellent capital allocator; has a long runway of organic and acquisitive growth; dominant competitive position; market leader in a fragmented market; owner-operator management team, dividend grower (just a 0.65% starting yield though) … and the list goes on. The IR chartdeck has detailed info & can be found here.
  • Second purchase: I added to my position in Equinox Gold (EQX.TO) @ CAD $7.88. I originally bought Equinox in May 2018. The company is chaired by the legendary Ross Beaty, who is a serial entrepreneur and has built some of the largest silver mining companies in world. His first company was the same name and Beaty has mentioned that he wants to bookend his career with two companies called Equinox, so this could possibly be his last endeavor. Equinox is a mid-tier gold producer (about 200-230K oz/yr), but has big ambitions to become a major producer (mostly via acquisitions). To date, Equinox has executed perfectly since my first purchase including: raising investments from Mubadala (the Abu Dhabi investment vehicle for UAE), consolidating shares 5:1, cross-listing on NYSE; graduating from TSX-V to TSX (effective today Nov 25, 2019). Management has communicated that next step is to get included in index funds (such as GDXJ and/or other funds) following the cross-listing and graduation to TSX, which should open up the company for more institutional funds to flow. Most companies struggle to execute on all these promises, but EQX has delivered and I continue to be bullish on this name.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long FSV, EQX. Our full list of holdings is available here.

2 Recent Buys – CSU, TWLO

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A quick update on two purchases in my portfolio from last week.

  • First purchase: I added to my position in Constellation Software Inc (CSU.TO) @ $1,301.68. This is my third tranche of buying CSU and now makes for a full position. Previous purchases are documented here.
  • Second purchase: I added to my position in the one SaaS company I own – Twilio Inc (TWLO) @ $104.00. A riskier play but I like the long term prospects of the company. Decided to up my stake a little bit with this purchase after the whole SaaS space took a beating last week.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long CSU.TO, TWLO. Our full list of holdings is available here.

2 Recent Buys – GOOGL, KMI

BuySell

A quick update on two purchases in my portfolio. Without further ado, here are the details.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1,175.00. Alphabet is a recently new position in my portfolio that I initiated in August and slowly adding to build to a full position.
  • Second purchase: I added 100 shares in Kinder Morgan Inc (KMI) @ $20.00. KMI is my only pure pipeline play, which has turned things around pretty well over the past couple of years, although it is still pretty leveraged. Not a lot of 5% yielders as the yields continue to fall, so adding this at a 5% yield will increase forward dividend income by $100. It is also expected that dividends will be raised by 25% next spring, so thats a pretty good growth rate.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, KMI. Our full list of holdings is available here.