On Wednesday the S&P 500 was down 0.2% while Toronto was up 0.6%.
West Texas Oil is just under $80 U.S. dollars.
After the close Melcor Developments released Q4 and 2024 earnings. The results seemed “okay” but for some reason they lowered the dividend from 16 cents to 11 cents. The book value per share is reported as $39.45. There appears to be some mistakes in the press release. Most of the percentages in the selected highlights table appear to be wrong.
In better news, I notice that American Express at $223 is up 19% this year to date and it’s up 57% since I rated it a (higher) Buy on October 20 at $142. The forward P/E is 17.3 and therefore it is not overly expensive. If I had a very large position I’d consider trimming it. I have a modest position and have no plans to sell.