Added to CME & BPY holdings

I recently added to my existing holdings in CME & BPY.

I like fee bearing business where there is no extensive capital cost to run the company & no credit risk.

https://www.cmegroup.com/

They offer very good growth potential & distribute a quarterly and annual dividend.

http://investor.cmegroup.com/dividends-splits

I felt that the recent pull back was not fundamentally justified and strongly believe in the long term success of this Group. So I acquired shares @ 163$/share

cme stock

I have added to my BPY position as well ( part of BAM )

Brookfield property partners

https://bpy.brookfield.com/reports-and-filings/financial-reports/annual-reports

 

This one is not going to be undervalued forever

 

bpy stock

Bank of New York Mellon: we collect fees with no credit risk

I recently bought some stock of this bank. In reading the annual report I really liked many aspects of their different businesses.

bk logo

Bank of New york mellon

bk

  1. Net income is going up & share count is going down thanks to share buybacks.

  2. EPS is going up, profitability is gaining traction.

  3. 80% of the revenue is fee based, they don’t take credit risk and that is a big +

  4. they raised the dividend by 18% this year and their payout ratio is only 26% = it’s a safe and long term growing dividend.

fy bk

bk2

 

 

Alimentation couche-tard : Give me that bag of chip !!

I have previously quoted the exceptional destiny of Alain Bouchard. You can read his book “Daring to Succeed“ this will give you a taste of what entrepreneurship is about.

I have bought some stocks @ 74$cdn/ Share I was not excited about valuation but I see this investment as a long term growth play.

atd.PNG

This Chain is now only second to 7/11 for convenience stores and look at their financials.

atd f

 

atd f2

 

palapapapa I AM LOVIN IT 🙂

 

Went shopping for some good long term total return

I bought some FDX

FDX @ 176$/Share

fedex

why: fears of tariffs and the economy slowing down are I think a bit overdone and this quality name has been for the last few weeks to cheap to ignore for long term returns.

 

Good Economic moat check

The company is on a duopoly situation with UPS. Competition at there scale is really limited and that is good for margin and share retention for global shipments.

 

financials are strong and the dip on the price is a blessing for long term investors

financial fdx summary

 

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