Recent Buy(s). Alimentation Couche-Tard & Intertape Polymer Group

I did a customized stock screen last week where I looked at companies with a history of paying/increasing dividends, strong EPS growth and trading at reasonable P/E.  My last post highlighted some of the companies I was torn between and finally today I pulled the trigger on two of them.

Alimentation Couche-Tard  (ATD.B)

I’ve had my eye on Couche-Tard for over a year now, and with the recent price pull back – coupled with the fact I had some cash on hand I figured I had to jump in.  I scooped up 125 shares @ $59.00 each.  Although the dividend only yields 0.61% I think the long term capital growth potential and dividend growth potential will keep me happy for years to come.  I am hopeful they will get into the soon to be legal Marijuana business as well.

The addition of these shares will boost my dividend income by $45.00

Intertape Polymer Group (ITP)

This was a stock I didn’t know much about a couple of weeks ago – but it showed up on my stock screen and after doing a bit more research I thought the price was too good to pass up.  The business itself is boring, but it has paid and increased the dividend for over 5 years (yields 3.5%)in US dollars, has increased earnings year over year and was trading at a 30% discount to the 52 week high.  I purchased 275 shares @ 19.08.

The addition of these shares will boost my dividend income by $192.50 (at current exchange rate).

Both purchases were made in our TFSA so all gains & dividends will be tax free.

I am still keeping my eye on Andrew Peller & Exco Technologies.  Hopefully the next time I have some cash on the sideline they are in my buy range.

 

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Looking for feedback on a few stocks!

It feels like forever since I’ve been in a position to make a purchase.  The house sale has officially closed, funds have been transferred, and I have a bit of cash to play around with in one of the TFSA Accounts.

I’ve spent the last couple days narrowing down my potential buy(s).

These are the stocks that have caught my eye:

XTC – Exco Technologies

  • Current Price: $9.93
  • Currently yields 3.22%
  • Trading at almost 30% discount to 52 week high
  • Have consecutively increased dividend 11 times
  • Strong EPS growth

ADW.A- Andrew Peller

  • Current Price: $11.65
  • Currently yields 1.55%
  • Trading at almost 12% discount to 52 week high
  • Have consecutively increased dividend 11 times
  • Payout ratio under 30%
  • Strong earnings growth last 5 years

ATD.B – Alimentation Couche Tard

  • Current Price: $58.69
  • Currently yields 0.61%
  • Trading at 16% discount to 52 week high
  • Low Yield, but have raised it and lots of room to grow it
  • Very low payout ratio
  • Strong earnings growth last 5 years

ITP – Intertape Polymer

  • Current Price: $19.19
  • Currently yields 3.5%
  • Trading at 35% discount to 52 week high
  • Payout ratio creeping up

CAL -Caledonia Mining

  • Current Price: $7.47
  • Currently yields 4.70%
  • Trading at 68% discount to 52 week high
  • Profitable low cost producer
  • Recently moved to NYSE – should get more exposure

 

Just a couple notes:

I’ve had my eye on Andrew Peller,Couche Tard & Exco for some time – they seem to finally be trading at reasonable prices.

I already own some Caledonia, and have been looking for point to increase my position.

I do not know much about ITP – however they kept showing up in my stock screen, so thought I’d dig a bit more into them.

My stocks are purchased via RBC direct investing.  Not all stocks are eligible to be dripped via RBC.  Of the 5 listed above only ATD.B is eligible to DRIP which is fairly annoying.

If you have any thoughts about any of the stocks listed above – I’d love to hear.

 

Thanks

Gettin’ back on track.

The last couple of months have been insane – but I can confidently say things are slowly getting back to normal and I hope to start posting again on a semi regular basis.  Our house has been sold, we’ve moved into our new home, and we are almost completely settled in.

In preparation for the house sale/purchase I made some changes to my TFSA portfolio (I liquidated some Marijuana stocks) as they were up quite a bit and I wanted to get some new furniture/things for the house without dipping into line of credit.  Once the house sale is processed I will have reached one of my goals for the year (paying off line of credit) as well!

I wasn’t able to post an August update – so here is a quick update for August & September combined:

Personal Highlights for August & September:

  • Moved out of old house and into our new “forever” home.
  • Spent the majority of my last 2 months packing, unpacking, updating addresses and cleaning.
  • Renewed Jets season tickets- went to 2 pre season games. Decided to sell about half the games this year since it will be tough to attend all 41 with 2 kids, playing hockey & soccer and trying to keep a wife..haha
  • Kids Update – Holland loves her new house – finally has room to run around and play and Isaac finally has his own room.

 

Financial Highlights:

  • Sold off my positions in Aurora Cannabis & Organigram. Took the profits and bought: dining room set, sectional for family room, couch & chaise for living room, new bedroom suite and mattress and a few other things for the house.  Still have some cash left over from the sale of these stocks and will look to redeploy in the coming months.
  • OneReit stock entered into an agreement to SmartReit which would result in shares being cashed out or turned into SmartReit shares. They share price shot up so I cashed out since I didn’t have enough shares to make much of conversion to SmartReit shares.
  • Line of credit will be completely paid off once house sale is processed (next week or two)
  • Although no stock purchases were made over the last 2 months – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP. With the L.O.C paid off – I am now in the position to start looking to make some more purchases in the coming months.Now on to the fun stuff.

 

Passive Income Update For August & September:

TFSA:

TFSA dividend income dropped a bit as I cashed out my shares of ONEREIT.

Diversified Royalty: $17.71 (Dripped 6 new shares)

Artis Reit: $97.29 (Dripped 6 new shares)

OneReit: $18.48

Lucara: $7.00

Plaza Reit: $48.45 (Dripped 10 new shares)

Canadian Western Bank: $0.24 (yes you read that right…I still have 1 share of this as I dripped a share after I sold off my position..lol)
TFSA Total: $189.17 ($99.89 in August, $89.28 in September).

RRSP:

Canadian Equity Income Distribution: $204.16 (Aug) & $205.91 (Sept) for a Total of $410.07

Total Passive Income Aug/September Comibined:  $599.24

Portfolio Update:

My investment portfolio saw a pretty big drop in value as I cashed out about $20,000 from my TFSA.  That said my overall networth didn’t change as my cash on hand & real estate value increased, and my line of credit will soon be 0.

Although my investment portfolio did take a pretty big hit – once I’ve spent a couple months in the new house and determined what all  the bills will be/how much extra cash I’ll have per month I will start looking for opportunities to deploy some cash again.

 

Big changes on the horizon

Just wanted to pop in with a quick update.  I haven’t posted anything all month – and it’s definitely not due to a lack of financial or personal activity.  In fact quite the opposite.  In the last couple of weeks we were able to sell our house and buy our new home.  I’ve been trying to get everything sorted and ready for the move.

I get possession of this beauty on September 10th!Vanier FrontVanier EntranceVanier Kitchen 2Vanier Family RoomVanier BathroomVanier Yard

Needless to say we are extremely excited.  We are moving out of our 780 square foot house into a much more spacious home – where the kids will get their own rooms, have a nice backyard to play in, and in an area we both love.  We looked at probably 30-40 houses, and this was the first one that both the wife and I loved.  It was in an area we both wanted to live in & checked off multiple boxes (wet bar, master ensuite, close to family/schools/parks, big fenced back yard, move in ready, etc).

The downside obviously is that I will no longer be mortgage free before I’m 40 (barring any sort of miracles or lottery winnings) and our monthly expenses are going to increase quite a bit.

We’ve also decided to sell our cabin (probably this summer) and I’ve decided that once we are settled from the move I am going to change up my investment plan/style.  (More on that coming in next blog post).

Enjoy the rest of the summer!  I’ll be back in September.

 

 

July 2017 Update

Hope everyone had a great July!

Personal Highlights for July:

  • Got the house de-cluttered, cleaned – listed and SOLD!
  • Spent a lot of the month out at the cabin with the family.
  • Finished reading “A field guide to lies: Critical thinking in the information age” by Daniel Levitin (Great book- highly recommend it)
  • Kids Update – Took Holland to Boardwalk Days @ Winnipeg Beach – bought her first ice cream & Isaac turned 3 and is growing like crazy..he is also still a hairy little bastard!(See below)Isaac 3 months

Financial Highlights:

  • While cleaning house – rolled and cashed in my change – which resulted in $1167 – which went straight to my line of credit!
  • Paid down another 10% on line of credit.
  • One of my favorite stocks had a reverse split and got listed on the NYSE! (Caledonia)
  • Got our first government child benefit cheque! Thanks JT!
  • Although no stock purchases will be made until L.O.C is paid off – I’ve continued my regular bi-weekly fund purchases, spousal RSP purchases & and saw a few shares DRIP (more on that below)

Now on to the fun stuff.

Passive Income Update For July 2017.

TFSA:

Diversified Royalty: $8.77 (Dripped 3 new shares)

Artis Reit: $48.24 (Dripped 3 new shares)

OneReit: $18.25 (Dripped 5 new shares)

Plaza Reit: $24.05 (Dripped 5 new shares)

Algonquin Power: $109.66 (Dripped 9 new shares)

Caledonia Mining: $18.73 (Unfortunately RBC doesn’t allow this company to drip currently)

TFSA Total: $227.70  

RRSP:

Canadian Equity Income Distribution: $202.41

Total Passive Income July 2017:  $430.11 

Portfolio Update:

My portfolio saw a slight increase in value – however still down from the April high. Total value is back to $270,259.42  This represents a month over month increase of 0.50%.  I’m still expecting a pull back so I am not too concerned with the monthly fluctuations right now.

How was YOUR month?