GMP Capital
… I know GMP well from my days on Bay Street. Back then, GMP and the Canadian bank-owned dealers were my main competitors.
Scorecard #6 – Apples and Oranges
… The hardest part about value investing is having the discipline to be extremely patient. Attractive opportunities to buy shares of excellent companies on the cheap don’t come along very often. Market panics are a good source but far too infrequent. More often they come in the form of companies that are encountering a temporary problem and the market overreacts.
Owner Earnings
… Calculating owner earnings requires hard work and numerous value judgments. It is not an exact science but will produce results that matter.
Western Union
… This year the company, Western Union, will transfer over $80-billion (U.S.) and handle 225 million transactions.
Joy Global
… But I recently made an exception to my commodity-sector aversion when I purchased shares in Joy Global Inc. Joy is a Milwaukee-based company that makes high-productivity mining equipment.
Do Dividends Matter?
… I am constantly surprised by many investors’ fixation on dividend yields – a tendency that I believe is misguided.
Home Capital
… Many people fear the Canadian housing market is doomed to crash – and those fears are reflected in the stock price of Home Capital Group Inc., Canada’s largest non-traditional mortgage lender.
Fun in Euroland
… Financial calamity and market panic always draw me in for a closer look.