The recent problems loading this site are caused by the web site hosting company. Yesterday only the home page would load and it was giving an error code [CFN #0005] that I have never seen before. This morning the site is loading quickly and properly. I apologise for these problems. This site has always been hosted at the same place. which was telushosting but that service was sold to easyhosting a year or so ago. I am looking into changing to a better and faster hosting situation.
Meanwhile markets were up relatively sharply on Friday with the S&P 500 up 1.6% and Toronto up 1.2%.
Aecon Inc. added another 7.6% ion further reaction to its recent earnings gain. It’s reported profits are very low. But it actually does look like it MAY be putting certain problems behind it. I will have an update posted shortly.
AutoCanada was down 6.0%. I suspect its issues are more of an industry-wide problem as opposed to company-specific. Higher interest rates are a headwind for the industry both in terms of financing their huge inventories and in terms of affordability for customers.
Costco was down 2.1%. I did add modestly to my position at $471 sand I placed an order for a little more at $451. Although it has retreated from a peak of $612 last Spring this stock remains expensive. It could certainly drop further as the market realises that its huge and consistent same-store growth during the pandemic was not sustainable and now same-store growth is returning to more traditional ands sustainable levels such as 6%. But it remains an extremely high quality company and I plan to add to it if and as it declines. Otherwise if it does not decline, well that’s certainly okay.