July 4, 2016

On Monday, the Toronto Stock Exchange index was up 1.4% while the U.S. markets were closed.

It is somewhat welcome to see that Melcor rose 3.5% to $15.00. But it is thinly traded and its stock price is relatively volatile. One or two eager buyers or eager sellers can easily push the price several percentage points either way on any given day.

Boston Pizza edged up another 1.3% to $20.25. The yield is still 6.8% which is attractive. If I did not already own it, I would be a buyer at this price.

Tomorrow I leave for Amsterdam and so my posts may be at different times of the day for the next two weeks but I still expect to be able to keep an eye on investments and to post my thoughts. By mid-July the Q2 reports will start coming in for U.S. companies and a week or two later for Canadian companies.

 

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