March 27, 2019

Wednesday was generally negative in the markets but some of our top picks did well.

The S&P 500 was down 0.5% and Toronto was down 0.1%.

But Couche-Tard was up 3.0%; Toll Brothers was up 2.0%, Melcor Developments was up 3.5%.

Also, Andrew Peller was up 3.7%.

I sold out of my position in BHP Billiton. As a resource stock it was not the type of stock I normally follow. It was introduced on January 27, 2018 at $50 for the BHP ADR in New York and $44.80 for the BBL ADR shares in New York which are supposed to be economically equivalent but for some reason trade at a lower price. It closed today at $47.57 for the BBL shares. It also paid total dividends of $5.50 which included a special dividend of $2.04. The total return was about 18% in the 14 months. It tends to be volatile.

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