Quarterly review of stock articles
A quick look back at Q2 2024
In the second quarter of 2024, I published articles on a number of companies and the relative value of their shares versus the trading price at the time of each article. Where my assessment of intrinsic value was greater than trading price, my article concluded the shares of the company were “undervalued” and where my judgment was that the positive factors affecting market valuation of the company’s shares seemed already implied by the trading price, I concluded the trading price and gotten ahead of the underlying value or at least “peaked”.
Here is my review of Q2 articles.
I remain of the view that the stocks labeled “undervalued” remain undervalued even at today’s prices and that those labeled “peaked” have had their best days for a while. Opinions differ, of course, and that is what makes it a market.
I will have another “look back” at the end of Q3.
Thank you, not sure its courage, eg I hold TPZ, the price action compared to PSK and FRU has been quite different, TPZ up about 15% versus flat for the other 2. money talks and something was moving it up, the recent announcement of buying WCP gas plant may have been the driver, but its still rising.. TPZ had 14 new 52 week highs since the beginning of June. FWIW my 2 largest holdings, 1st KEY, 2nd TPZ, both good div payers.
The recent rise in interest rates has refocused me on Divs and Interest so that I am able to easily live off them.
I rediscovered EQBank for high rates and ease of buying GIC's 18 months ago, I love it, easy to use and great rates. Have about 15% of my net worth in 1 yr GIC's, trying to buy only1 large one every month.
I enjoy your work, since I am also very interested in resource stocks.
I cant help but notice if you take you 1 non resource stock off your list you are pretty well even on both lists... More and more I find stocks move in groups. I have had some success lately just buying off the 52 week high lists with a little vetting regardless of what the company does...