> All of my new purchases are canadian stocks.
That's interesting, because I too have decided that the US market, for a bunch of reasons, is not great right now for the kinds of deals we like here, so my own research has also focused on Canada recently.
My most promising Canadian find so far is CCL Industries. I don't have time for details here, but the current valuation seems surprisingly low. CCL is a profitable 50-year-old Toronto-based international packaging conglomerate a la Crown, Cork & Seal (and in fact sold off a canning subsid in 1989 to CCS). I was initially turned on to them when I found out CCL designed and supplies this new aluminum beer bottle for Pittsburgh Brewing Company (I live in Pittsburgh). Apparently, they can barely keep up with demand for the new type of bottle. Share volume of CCL is extremely low, and so requires some care in buying any significant quantities (patience and phone quotes from TSE). Both the class A and B shares pay a modest (~2%) dividend. On the possibly negative side, the class B shares are non-voting, and these are the only ones I've been able to purchase so far since volume for class A is really, really low. Hopefully this will change with time.
> I wonder how many of you keep journals relating to purchases and sales of stocks and your rationale at the time for doing so.
I don't, but my turnover is so low that I could write them down easily (and maybe I should take that as a suggestion). I prefer to focus on only 5-10 stocks and follow for 5-10 years, so my main holdings since 1998 have been a few companies like RNR, DSWL, FR... some of which I'm very grateful for this thread in bringing to my attention over the years.
Kevyn |
