Yearly Archives: 2016

Portfolio Return of (-2.2%) for Q2 ended June 30th, 2016.

The model large cap global portfolio ended the quarter valued at $139.50. This is down roughly 2.2% from the previous quarter. For the six months ended June 30th, the portfolio is down roughly 3.7% from the year end value of

Posted in Portfolio Model Subscription

Which Banks are on the Hook for Brexit Currency Losses?

Investors are digesting the implications of the British decision to leave the European Union, as well they should. Banks with large currency trading and hedging desks, of which there are too many to enumerate, will likely be posting outsized “one

Posted in Open Blog

Aetna raises $13 billion via bond offering for proposed purchase of Humana (HUM-NYSE, $187.36)

The implication, that may be derived from the bond issuance, is that the planned acquisition of Humana by Aetna, in a cash and stock swap, is very much on track for a second half 2016 close.

Posted in Open Blog

Added Lassonde Industries (LAS-A,-TSX, $173.33) to Model Portfolio. Enterprise Value Less Than 1X Revenues.

Valuation is less than 1X sales. A blockbuster acquisition may propel this company into large mid-cap status in coming years.

Posted in Portfolio Model Subscription

Costco (COST-NASDAQ, $144.50); Substantial Earnings Headwinds Ahead?

Costco has long reported abnormally high profits from the Canadian division. With 90 stores located in Canada, or roughly 13% of the total store count, the Canadian operations are the single largest foreign source of revenue for Costco, outside of

Posted in Open Blog
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