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 🙂

 

Blog at WordPress.com.

Up ↑