eResearch | Domtar Corporation was added to the Portfolio today, September 30 and just in time to take advantage of the stock going ex-dividend on October 1. Also, the stock was up 0.8% today so, all-round, a strategic addition to the Portfolio.
Source: eResearch Corp.
Canada Goose has done quite well since our last Portfolio update, up almost $10 a share. AltaGas has also recovered in the interim. Kinaxis has proven to be a profitable addition, rising $6.61 or 8.3% since purchase a few weeks back. NFI continues to struggle, while Parex Resources has flat-lined. Fairfax Financial Holdings is being held back by the poor performance at Blackberry. Vermilion Energy has recovered a bit but still remains far below cost.
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).
Our Top Ten Portfolio slipped slightly over the past two weeks by 0.5% while the S&P/TSX Composite Index rose 0.6%. We are increasingly nervous about a possible near-term correction even though the market has entered its strongest seasonality period. Investors should be alert for tax-loss selling situations, where increased selling for window-dressing purposes could result in sharply lower prices for “loser” stocks. This often provides an ideal entry point for astute buyers. [more]
The Portfolio is struggling to gain traction. Its current value is about where it was at the beginning of October. Only five of the nine stocks are profitable although only one of the four losers is decidedly so. The present bevy of stocks is up only 1.2%, and it has been trading profits that have served the Portfolio so well to date. [more]
