The first few comments for 2021 will appear here until I get a new page setup for 2021.
January 3, 2021
Our report on TFI International (a large Canadian trucking company with now substantial operations in the U.S) is updated and rated (lower) Buy at $65.53. It also began trading in 2020 on the New York Stock Exchange where it last closed at $51.58. I particularly like the long-time CEO of this company. Alain Bedard handles the conference calls entirely on his own and knows the company inside and out including operations and finances. He is extremely candid and also extremely capable. He is more focused on creating shareholder value than just about any CEO I have come across. That does not necessarily mean that this is the best investment around or that the stock won’t decline temporarily. But the track record suggests it will continue to rise over the years. It’s one of my larger positions. while I am somewhat tempted to reduce my position somewhat given the recent price gains, I think overall I am best just letting this one ride.
December 31, 2020
AND, that’s a wrap. Stock trading is over until next year (Monday).
On this final day, the S&P 500 was up 0.64% while Toronto mirrored that with a 0.64% loss.
One of the bigger movers today was AutoCanada 6.2% to $23.61. If it can keep up the performance it had in Q3 it should continue to do well. It is beating the industry but the industry overall is still a bit weak.
Melcor slipped 3.8% giving back some its gains it made earlier this week. A subscriber alerted me to a very positive report on Melcor from “Seeking Alpha”. That was likely what pushed the price higher for two days this week.