3 Recent Buys

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.

2 Recent Buys – BAM, SPGI

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A quick update on two purchases in my portfolio. As with the last iteration, this one also includes a new position in the portfolio.

  • First purchase: I added 75 shares of Brookfield Asset Management (BAM.A.TO) @ CAD$70.24. I have been adding to my BAM position regularly over the past few months and getting close to a full position. The stock yields 1.2% and adds US$48 in annual dividends.
  • Second purchase: I initiated a new position in S&P Global Inc (SPGI) @ $245.00. SPGI barely needs any introduction as one of the most recognizable names in finance, esp the debt market as every company that needs to raise funds needs to go through a debt rating process. While companies can issue bonds without a rating (which is inefficient and punitive by the markets), companies simply pay the ratings agency SPGI/MCO/Fitch to have their bonds rated. SPGI has a deep and wide moat and operates in four division (ratings, market intelligence, Platts, and Indices). Overall, SPGI has a terrific business model, thoughtful capital allocation, great management, and a dividend champion (dividend grower for 46 consecutive years). The valuation is a bit on the expensive side, so I have started off with a small starter position and will look for pullbacks to add and build to a full position. Here’s a link to the Investor Factsheet for further reading.

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

Full Disclosure: Long BAM.A.TO, SPGI. Our full list of holdings is available here.