Social Icons

Wednesday, July 7, 2021

In the search of a new investment

Today, Brian Madden was a guest at BNN's Market Call. I find his comments quite interesting. One of Brian Madden's top tips is a stock that I had been from my non-registered portfolio for many years now: New Flyer Industries Inc. (NFI). He had a positive review on NFI. Its been a tough road for New Flyer Industries Inc. (NFI) and Brian Madden's good words about the company came in as a little reward. In my non-registered portfolio, I am on a +118.62% gain with New Flyer Industries Inc. (NFI). 

I also really like to hear Brian Madden's opinion concerning Air Canada, you can listen to it here.

I agree, no one should invest in a company that is requesting government money to remain operational. I like Brian Madden's common sense on that matter. In that matter, Quebec businesses like Air Canada and Bombardier are the top queen, and a big no-no when it comes to any serious future investment pick.

The TSX closed yesterday in its highest value EVER and as result, my non-registered portfolio closed the session at $128,360.77, my TFSAP portfolio at $119,829.52, and my RRSP portfolio - stocks only - at $59,195.71. My numbers are quite strong. I estimate my net worth to be still in the $311,000 because I am not yet exceeding my good portfolio results of June 15, 2021.

Today, my non-registered portfolio closed at $128,413.27, my TFSA portfolio closed at a really good $120,031.97 and my RRSP portfolio - stocks only - at $59,355.69.

So far, I am having a quiet summer, in which I don't expect to make major expenses. And this of course will be leaving me with plenty of cash to do whatever I want with it! It's exciting, but it's a headache to find something to invest in. I don't want to overpay for a brand new investment, I want to invest in a really good stock that pays dividend distribution and that will also bring on a good capital gain in the long run. Actually, with this new investment, I want to hit the jackpot and it needs to be a super good investment pick! I am in no rush, and I can take all my time.

I like to use Stockopedia to find new investment ideas. Since I start using its platform back in XXX, Stockopedia had been a real life-changing experience because allow me to find new investment pick on my own. No more need to wait desperately before finding something new, fun, and lucrative to invest in. I had taught a lot lately about PFB Corporation (PFB), and for many reasons. 

PFB Corporation (PFB) appears in Stockopedia's Free Cash Flow Cows Screen, which targets stock at a fair trading value that has full of cash aside.

I previously announced that my next investment was going to be in Hardwoods Distribution Inc (HDI), but HDI doesn't appear in Stockopedia's Free Cash Flow Cows Screen. Also, HDI share values are pricier than PFB. Luckily, Susan Brunner reviews lately Hardwoods Distribution Inc (HDI). According to Susan: "This stock price testing suggests that the stock price is relatively expensive."

Since I am trying to play this smart, I won't invest now in a stock that Susan Brunner considers as being expensive because it would be somewhat a stupid investment move.

Also, I previously wrote about Stelco Holdings Inc. (STLC), saying I would like to invest in it. But I am having now a second taught. In Stockopedia, STLC ranking in so-so, and just to make things a bit more difficult, Stelco Holdings Inc. (STLC) appears in 2 short selling screens. 

One thing I am sure of, I will probably invest in PFB Corporation (PFB) quite soon.

1 comment:

Anonymous said...

Hi, you have allot of stocks to watch. I'd rather see you sell everything and just invest in FANG. You'll do better and save time. Cheers


Thank you

Thank you for visiting!
Blogger Templates