January 7, 2015 Comments

On Wednesday, the S&P 500 was up 1.2% and Toronto was up 0.3%. Almost all the stocks on my list were up.

Liquor Stores N.A. was up 4.5%. I have to admit that this stock fell when I thought it was a Buy and lately it has risen when I thought it was a sell.

Agrium was up 3.7%. Toll Brothers was up 2.3%.

Walmart was up 2.6% to an all-time high. Walmart’s stock price had languished for most of the 2000’s because it started the millennium in an over-valued state. It bumped around the low $50’s for years. Earnings were trending up and eventually it was no longer over-valued. We added to this site as a Buy on April 20, 2006 at $46.79. It then fairly soon rose to $60 but then got whacked back under $50 in the 2008 / early 2009 debacle and was at $52 as recently as July 2011. It then started to rise fairly rapidly and is now at $88.60. It has been a good investment these past few years given the price increase and given that it also pays a modest dividend. It seems a bit expensive now so I am not a buyer at this price. Like any U.S. company that makes a lot of its profit outside of the U.S. the higher U.S. dollar is going to be a significant drag on profit growth in the near future.

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