Richard Drury/DigitalVision via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Introduction As some might know, Berkshire Hathaway (BRK.B) just had its annual conference in Omaha, Nebraska. As usual, Mr. Warren Buffett shared his views on his company, the economy, and a wide range of other issues, including…
Susquehanna International Group, LLP (SIG), a global trading, technology, and investment firm, disclosed that it holds over $1.8 billion in Bitcoin exchange-traded funds (ETFs) through a 13F-HR filing submitted to the Securities and Exchange Commission (SEC), providing a detailed breakdown of SIG’s investment portfolio. The filing reveals the investment firms biggest positions were in Grayscales…
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Peter Gustav – Investor RelationsJay Lown – President and CEOJulian Evans – Chief Investment OfficerMichael Hutchby – Chief Financial OfficerRay Slater – Senior Vice President and MSR Portfolio Manager Conference Call Participants Mikhail Goberman – Citizens…
Morguard Real Estate Investment Trust (OTC:MGRUF) Q1 2024 Earnings Conference Call May 2, 2024 4:00 PM ET Company Participants Andrew Tamlin – Chief Financial Officer Conference Call Participants Jonathan Kelcher – TD SecuritiesTom Callaghan – RBC Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to the Morguard Real Estate Investment Trust 2024 First…
Primaris Real Estate Investment Trust (OTC:PMREF) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Alex Avery – Chief Executive OfficerPat Sullivan – President, Chief Operating Officer Rags Davloor – Chief Financial Officer Leslie Buist – Senior Vice President, Finance Morde Bobrowsky – Senior Vice President, Legal Graham Procter – Senior…
Hiroshi Watanabe Late December last year, I issued an article comparing the largest BDC – Ares Capital (NASDAQ:ARCC) – with the second largest one, FS KKR Capital (FSK). While I was bullish on both BDCs, I preferred allocating slightly more in FSK due to the following reasons: FSK traded at a discount to NAV, while…
We Are In Q1 2024, our consumers spent very vigorously on services at the fastest growth rate since 2021, adjusted for inflation, but not so vigorously on goods. And private fixed investment jumped at the fastest rate in two years. But dragging on GDP were the trade deficit, which worsened sharply on a majestic surge…
Choice Properties Real Estate Investment Trust (OTC:PPRQF) Q1 2024 Earnings Call Transcript April 25, 2024 9:00 AM ET Company Participants Erin Johnston – Senior Vice President-FinanceRael Diamond – President and Chief Executive OfficerNiall Collins – Chief Operating OfficerMario Barrafato – Chief Financial Officer Conference Call Participants Mark Rothschild – CanaccordMike Markidis – BMO Capital MarketsLorne…
Bet_Noire Introduction L’Oréal (OTCPK:LRLCF, OTCPK:LRLCY)is one of the greatest European corporate success stories, having generated a return of 48,000% since 1987. L’Oréal was founded in 1909 by Eugène Schueller, a French chemist who created the first synthetic hair dye. In its early years, the company focused on the production and sale of hair dyes and…
Disclosures Indices are unmanaged. An investor cannot invest directly in an index. They are shown for illustrative purposes only, and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance. The S&P 500® Index is a large-cap market index which measures…
Disclosures Indices are unmanaged. An investor cannot invest directly in an index. They are shown for illustrative purposes only, and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance. A basis point is one hundredth of a percent. Bond Spread…
anyaberkut Market Environment And Performance Equity markets had a solid start to the year, with the S&P 500 up 10.6%. The Madison Sustainable Equity Fund lagged the S&P 500 for the first quarter. Although growth stocks continued to lead the market, we did see broader participation in the first quarter rally. Equity markets were encouraged…
Rob Daly/OJO Images via Getty Images The Madison Investors Fund (Class Y) increased 9.63% in the first quarter of 2024, compared to the 10.56% increase in the S&P 500 index. Portfolio Performance In the first quarter, the top five individual contributors to performance relative to the benchmark were PACCAR (PCAR), Arch Capital (ACGL), Progressive (PGR),…
rzelich Public Storage (NYSE:PSA) rode the wave of soaring demand for self-storage units for decades, but with a huge increase in construction of new storage facilities using “free” money supplied by the Federal Reserve, there is now over-capacity in the industry. With interest rates expected to stay much higher for longer, this REIT faces a…
PM Images In December of last year, I wrote an interesting piece on SLR Investment Corp. (NASDAQ:SLRC), where I laid out several advantages of SLRC and how these should warrant a somewhat stable performance going forward. However, at the same time, I was quite explicit about the potential limitation for SLRC’s upside. The following excerpt…
Urupong Last year’s stock market momentum carried over into the first quarter, with growth stocks leading the charge (once again) across market caps and geographies. Investors seem complacent, as the fundamentals do not appear to justify the current levels of exuberance. Germany, the UK, and Japan are all either in – or teetering on the…
Justin Paget/DigitalVision via Getty Images Introduction Last year, I started covering Zoetis Inc. (NYSE:ZTS), the animal health-focused healthcare giant. My most recent article on this stock was written on January 10, when I went with the title “Animal Kingdom’s Ally: Zoetis And Its Path To 10%+ Returns.” Here’s a part of my takeaway back then:…
vitapix/E+ via Getty Images I have a long history with Bio-Rad (NYSE:BIO) (NYSE:BIO.B), having covered this life sciences company long ago in my sell-side days. It has always been an odd duck in the life sciences world and remains so, with the company better thought of as a “picks and shovels” company with broad exposure…
Jonathan Kitchen/DigitalVision via Getty Images Overview The latest CPI report released, and the overall sentiment leads to a lower chance of interest rate cuts. The original probability of interest rate cuts before the March CPI report was around the 56% mark but has now dropped to an 18.5% chance of rate cuts by the end…
Spencer Platt NEOS NASDAQ-100(R) High Income ETF (NASDAQ:QQQI) is the latest in the option income ETF world, offering a high yield, tax efficiency, and potential for capital appreciation. After researching the fund strategy, mechanics, and performing a risk analysis, I believe the fund is worth considering as an income investment for those looking for predictable…
photobyphm Verizon Communications Inc. (NYSE:VZ) is a free cash flow-strong Telco that supplies passive income investor with a well-covered 6% yield that can make a big difference for retirees that rely on growing dividend income from their passive income investments. Though some investors see Verizon Communications’ considerable balance sheet debt as a burden, I think…
kodda/iStock via Getty Images Enbridge is a solid infrastructure play I expect a significant upside over the next six months for Canadian-dollars-denominated Enbridge Series R (TSX:ENB.PR.T:CA) and US-dollars-denominated Series 5 (TSX:ENB.PF.V:CA) (OTCPK:EBGEF). One of the largest global infrastructure companies, Enbridge’s business consists of four major segments: Liquids Pipelines, Gas Transmission & Midstream, Gas Distribution and…
BlackJack3D Investment Thesis The technology sector outperformed the S&P 500 in 2023 by a large margin. Although in the first quarter of 2024 the technology sector has performed on par with the S&P 500, I believe that Technology will outperform the S&P 500 index over the whole year. iShares U.S. Technology ETF (NYSEARCA:IYW) is one…
da-kuk “You can’t predict. You can prepare.” -Howard Marks. Meteorologist Edward Lorenz is best known for coining the term “butterfly effect,” the idea that a slight disturbance, like the flapping of a butterfly’s wings, can provoke enormous consequences. As told in the book “Chaos” in 1961, Dr. Lorenz ran weather simulations using a simple computer…
winhorse/iStock Unreleased via Getty Images Elevator Pitch Wharf Real Estate Investment Company Limited (OTCPK:WRFRF) [1997:HK] or Wharf REIC is rated as a Buy. Wharf REIC calls itself “one of the largest real estate companies in Hong Kong” with “flagship properties” like “Harbour City” on its corporate website. Harbour City, Hong Kong’s biggest retail mall, accounted…
Nikada Saratoga Investment Corp (NYSE:SAR) is a business development company or BDC with a rather conventional focus – i.e., investing and issuing loans to the lower end of the middle market companies that are already cash flow positive with annual sales between $8 and $250 million, and EBITDA north of $2 million. While this is…
fhogue/iStock Editorial via Getty Images Electronic Arts (NASDAQ:EA) is advancing its operations through prudent integrations of AI, which its CEO describes as having the potential to increase its network by 50% and increase business efficiency by 30%. As such, this seems like a prudent time to become or to stay an EA shareholder. In addition,…
3D_generator CION Investment (NYSE:CION) performed exceptionally in 2023 given its 32% total return compared to S&P 500 return of 24%. However, 2024 could be a challenging year for the business development company because its net investment income is likely to drop year over year. Moreover, the significant amount of debt maturities in 2024 and 2025…
Bitcoin, the first and most popular cryptocurrency, has been making headlines with its recent surge to a new all-time high of over $72,000. This remarkable price increase has sparked renewed interest in Bitcoin as an investment opportunity, leaving many wondering what this means for their financial future. Investors may see this surge as a validation…
Justin Sullivan/Getty Images News Overview Adobe’s (NASDAQ:ADBE) price dropped by 18% while the S&P 500 went up by 7.4% (Figure 1) after OpenAI released Sora, a new AI capable of producing high-quality videos directly from text descriptions, and Adobe issued revenue guidance for the second quarter of 2024 that fell short of expectations. Figure 1:…
mapo Akatsuki Inc. (OTCPK:AKAFF) (3932:TYO) has performed well since we established out position starting around last June. The situation has been that major catalysts have increased visibility of the stock, and the younger management and their major investment plans that will put their unproductive cash to productive uses are credible. The headwind since the jump…
peepo/E+ via Getty Images Dear readers, Porsche (OTCPK:POAHY) (OTCPK:POAHF) is not an investment I’ve covered for some time – since late 2022 to be exact, and the company hasn’t exactly been a rosy play since that time. My main investment in the German automotive sector is my investment in Volkswagen (OTCPK:VWAGY) (OTCPK:VLKAF) (OTCPK:VWAPY). Now, investing…
designer491 Federal Realty Investment Trust (NYSE:FRT) is a top choice for a passive income investors that value visibility of FFO and dividend growth as well as long-term appreciation potential. Federal Realty Investment is one of the oldest U.S.-focused real estate investment trusts in the United States that has delivered consistently strong results for shareholders in…
igoriss Automotive Properties REIT (OTC:APPTF) (TSX:APR.UN:CA) is a Vancouver-based Canadian automotive REIT with 77 income-producing automotive dealerships across Canadian urban centers (as of Dec 31, 2023). Recently the REIT has added a few new properties to its portfolio that have been accretive to its growth. I’m bullish on its prospects as Automotive Properties REIT grows…
We Are How should your approach to portfolio management change as you age, especially as you near retirement? Kathryn Del Greco, Senior Investment Advisor with TD Wealth, speaks with MoneyTalk’s Kim Parlee about the importance of having goals and time horizons when making investment decisions. Transcript Kim Parlee – How should your approach to investing…
Editor’s note: Seeking Alpha is proud to welcome Lake Geneva Investor as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Gold has held the title of the world’s…
Barry Williams/Getty Images News My Thesis for Kongsberg Gruppen ASA An interesting yet disturbing piece of news I recently came across showed that the number of global conflicts in 2023 rose sharply over the previous year – by 28%, to be precise. While I’m not surprised that this would indeed be the case, just from…
Diy13 Introduction I try to follow a few rules when I invest in dividend (growth) stocks. This includes staying away from car manufacturers, consumer stocks with severe competition risks, and healthcare companies with complex pipelines and elevated patent risks. So far, I have broken the healthcare rule a few times, especially when I continued buying…
Drew Angerer Investment Thesis There’s the realization that Twilio’s (NYSE:TWLO) days as a growth business are now in the rear-view mirror. A lot of people reached out to me that I called Twilio wrongly. This is true. Absolutely and undeniably so. What a lot of people appear to get confused with, is that in this…
Nikolay Ponomarenko I follow Green Thumb Industries (OTCQX:GTBIF) closely and have done so since it went public in 2018. I think that the company has a decent business and the best balance sheet of the large MSOs. The company, which will report its Q4 on Tuesday afternoon, seems overvalued to me relative to peers. I…
wsfurlan/E+ via Getty Images Agricultural commodities feed, clothe, and increasingly power the world. The weather conditions and crop diseases in the leading growing areas are the primary factors for the path of least resistance of prices. However, any events that impact logistics can cause price volatility. Agricultural commodities include grains and oilseeds, animal proteins, and…
Eugene Mymrin/Moment via Getty Images What is the single best security to buy and hold as a long-term investment? This is a question we were asked recently, and it’s a question that can be answered multiple ways. Are we looking for the best investment in terms of risk? In terms of income? In terms of…
kampee patisena/Moment via Getty Images Pioneer Power Solutions (NASDAQ:PPSI) has a long history of providing products that support every function of the power grid. The company has shifted its product offerings to focus on two key products; E-Block systems for power distribution to capture the shift to renewable energy sources and E-Boost systems to fill…
WWD/WWD via Getty Images Introduction On July 24, 2022, I published an analysis of Pandora A/S (OTCPK:PANDY)(OTCPK:PNDZF), evaluating the company as a good investment opportunity with an excellent risk/return ratio. Since the day the article was published, the stock price has increased by about +120%, and compared to my average purchase price, the performance has…
Dream Office Real Estate Investment Trust (OTC:DRETF) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET Company Participants Michael Cooper – Chair, Chief Executive Officer Gordon Wadley – Chief Operating Officer Jay Jiang – Chief Financial Officer Conference Call Participants Lorne Kalmar – Desjardins Mario Saric – Scotiabank Pammi Bir – RBC Capital…
Chimera Investment Corporation (NYSE:CIM) Q4 2023 Earnings Conference Call February 14, 2024 8:30 AM ET Company Participants Victor Falvo – Head, Capital Markets and Investor Relations Phillip Kardis – Chief Executive Officer Subramaniam Viswanathan – Chief Financial Officer and Principal Accounting Officer Dan Thakkar – Co-Chief Investment Officer Conference Call Participants Bose George – KBW…
Manuel Milan Unibail-Rodamco-Westfield (OTCPK:UNBLF) has announced the distribution of a dividend related to 2023 earnings, making it attractive again for income investors, plus its valuation is quite low making it an interesting play within the European REIT sector. As I’ve analyzed in a previous article, Unibail’s restructuring phase was almost completely done and the company…
NurPhoto/NurPhoto via Getty Images Looking for a way to play high interest rates? The Fed seems to be digging in its heels on waiting to lower interest rates until later in 2024, contrary to what many Wall Street pundits had been predicting. One sub-sector that has benefited greatly from higher interest rates is the BDC…
FABRICE COFFRINI/AFP via Getty Images When I last wrote about Palantir as a Buy (NYSE:PLTR) on October 20, 2023, there was growing bearishness surrounding the stock. One of the issues critics had about the company was its long sales process that allows a potential customer to trial its offerings. These trials could take up to…
Robert Way Investment Thesis Although often overlooked in comparison to Tesla, Inc. (TSLA) and BYD Company Limited (OTCPK:BYDDF), Li Auto Inc. (NASDAQ:LI) has emerged as one of the leading competitors in the Chinese landscape of battery-electric vehicles (BEVs) and, most recently, all-electric vehicles (EVs). Li Auto’s strategy is quite different from its competitors, offering hybrid…