2 Recent Buys – SPGI, BAM

BuySell

A quick update on two purchases in my portfolio last week in the midst of the correction.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $283.00. I have been building my position in SPGI slowly as the stock continues falling from its all time highs. I am still nowhere close to a full position, so I expect more purchases in SPGI if the stock keeps falling. See previous purchase here.
  • Second purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ $83.90. Another incremental purchase as I build to what is now a full position. I believe in Bruce Flatt’s stewardship and expect continued tailwinds for Brookfield as interest rates continue falling further than where we are today — thus making an even stronger case for alternative asset managers. See previous purchases here.

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

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

2 Recent Buys – SPGI, FSV

BuySell

A quick update on two purchases in my portfolio.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $294.00 last week. SPGI still remains a small position in my portfolio and I continue to buy every dip until I get to a full position. SPGI is one of the beneficiaries of the growing worldwide debt markets as each issued bond needs to get rated by SPGI (and other rating agencies). There are of course other segments of the business in addition to the Ratings segment growing well quarter after quarter. This is my second iteration of the purchase. See previous purchase here.
  • Second purchase: I added to my position in FirstService Corp (FSV.TO) @ $144.94. Another position that has remained relatively small and I continue to build up as I want to increase the relative size of this position in my portfolio. FSV is a real estate operating company with majority of its operations in the US. This is my third iteration of the purchase. See previous purchases here.

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

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

2 Recent Buys – BAM, SPGI

BuySell

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.