Tilray
Canada’s grand cannabis experiment is likely to end badly for many investors and for Nanaimo-based Tilray Inc. (TLRY-Q) shareholders in particular.
Scorecard # 22 – Index Surgery
… Our large bet (6.8% weighting) on Express Scripts (Nasdaq:ESRX) is performing according to plan with the stock up +16.4% since we purchased it in April. Our recent writeup of our investment thesis for Express Scripts can be found in Scorecard #21. Our idea was published in Barron’s and was recently ranked as one of the best performing ideas from the View From The Buyside column. In an expensive market, good ideas are hard to find. But they are out there. It just takes a lot of effort to uncover them.
Amazon
… We were inspired to write about Amazon.com Inc. after reading a recent article in The Globe and Mail profiling the stock.
Express Scripts
… Express Scripts processes 1.4 billion prescriptions a year. It uses its scale to negotiate favourable rates with pharmacies, pharmaceutical manufacturers, drug wholesalers and others in the drug supply chain.
DirectCash Payments
… Prolonged bull markets such as the present one make finding bargains exceedingly difficult for value investors. The opportunities that do exist are generally not obvious. Our recent investment in DirectCash is a case in point.
Urbana Corp.
… Urbana’s management correctly predicted the coming wave in initial public offerings of stock exchanges and the higher valuations that public listings would unleash.
Apple
… As a consumer, I love Apple Inc. What’s not to like? They make fantastic products that are user-friendly and often leading-edge. At first glance, the stock also appears attractive.
Poison Pills
… In Canada, boards faced with a hostile bid can use a shareholder rights plan – often called a poison pill – and other defensive tactics to buy time and force a bidder to remove some of the coercive elements of its bid. But a company can’t play defence forever:
Coach
… Handbags. Handbags. Everywhere I go these days, I find myself staring at women’s handbags. My recently acquired and admittedly bizarre obsession is due to my purchase of shares in Coach Inc. last month.