But now, the gain are even more. The reason being quite simple, its because I used this week paycheck to invest in 2 new stocks: BCE Inc. (BCE) and Stella-Jones Inc. (SJ). Stella-Jones is new to my non-registered portfolio, but its not all new to the Dividend Girl. I had been holding on some Stella-Jones stock in my portfolio since March 2013. I plan to perform a long time trade on this one. My plan is to sell my Stella-Jones stocks once they will have gain 60%. It may take a while, but if lucky, I will be able to cash in some great return in 2-3 years and, why not, even earlier.
In result of today latest purchase, my non-registered portfolio is at $117 825.94, +10%, $10 700+. And now, let keep things that way!
That's nice! However, keep in mind, I had lost a couple thousands on the losers I had transferred over my TFSA. The reason why I transferred them over is that I didn't want to sell them. And since SII, DGI, CHR.B had lose their loan value, I decided to transfer them to my TFSA. Its a decision that can be easily critical, but it is my decision.
I made a great deal of money on Stella-Jones Inc. (SJ) inside my RRSP account, so I decided to repeat the experience in my non-registered account. I also decided to let know Derek Foster about Stella-Jones because time had come for the man to get back on the Canadian side. See what I mean? So does Derek Foster knows Stella-Jones? And if so, does he likes the stock?
Do you want to find out?
Me tooo!!
Ok so here it goes:
"I am familiar with the company (railway ties and utility poles). Good, simple business and very low-tech, which is great. I just don't know what keeps competitors from competing and undercutting their price? Is their comparative large size a benefit that keeps costs down? I don't think customers seek out their products specifically, so they need a cost advantage with a commodity product... I feel I've mostly missed the boat already - up almost 100% over the last year....but the whole market has been on a tear the last year or so...
Thanks for emailing and hope you enjoy your summer also. Cheers, Derek"
Well, one fact for sure, I haven't miss the boat because I had been on Stella-Jones case for the past couple of months. Did I pay too much today for my new investment in Stella-Jones? I don't think so. Future will tell is sexy kitten was right or wrong on this one.
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6 comments:
what's your entry prices and how many shares did you buy
The entry price was $44.37 and the number of shares was less than 30.
Bough at one month high. Bad timing!
I left this comment for Brunner re: her analysis of Stella back in 2011.
Stella Jones- one trick pony?
The primary business is pressure treated wood for industrial useage. A narrow demand. Other products ie. cement & plastic are increasingly used/researched for railway. Koppers, a competitor, has other business interests in carbon products. Stella Jones pays a divi semi annual...this may not be tasty to income divi watchers. Can Stella Jones keep up the acquisiton pace? Is Stella Jones already market priced out, awaiting a long sideways move? I haven't analyzed the co. lately, but to me its not a sector I like.
bought too high again
tdwaterhouse will start charging 2 dollar for mailed statement and confirmations, what a bummer. it's gonna cost me to print the documents for my record keeping and tax purposes what a bummer... probably other banks will start to do the same, save lots of money and more profit for them...
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