JANUARY 23, 2020. A million miners grind ore for gold. It’s a tough business and the metal’s more difficult to find by the minute. The planet’s not making any more. Mining’s a “capital intensive” endeavor, and like oil, replacing reserves to ensure future production is critical. Kirkland just moved decisively on that, and is doing the rest of this business better than anyone else. The $11 billion dollar Toronto-based enterprise has an eye on it’s future, while also growing current production at 35% year-over-year. Anything else?
KL outperformed Microsoft over the past year, and savagely over three, and it’s half the price. It’s also trading here for a 13% discount to it’s near-term high. The company’s fundamentals shine like the sun, it’s balance sheet is bullet-proof., and it’s gobbled back 1.127 million of its’ own shares, while more then doubling its’ cash position. Impressed?
How ’bout this? If you’d have owned KL over this past year you’d be up 65%. Over the past three you’d be up 565%. What did CEO Tony Makach just say about KL’s performance? “We just had our best year ever.” And he’s got the metrics to prove it, as do we. “Kicked On.
Kirkland Lake Gold. “(Cover photo: Night mining.)
JANUARY 18, 2020. Let’s face it. Life isn’t a leafy lane a lot of the time. Life is challenging. Yet, once we accept that premise, it becomes easier. Often only a fine line lies between us and more–really. Car insurance is a prime example. You need it. They want an arm for it. We just saw through it, to a 29% lower premium, from a higher rated company, for the exact same coverage. Fact. You have as much say in the price you pay as they do. How? We made a choice, had an insight, took an action. That can change things. Did for us.
Turn the tables on how you think about auto insurance. Competition is alive and well. But the real competition is between quoting agents, regardless of the company or other price-carving details. The agent’s the end of the pipe. We exercise as much say over our premium as companies do, if we’re willing to walk. No one’s chained us to any particular agent, policy, or company. Switching’s not a sin. It’s called business.
A better rate and probably a better agent are out there ready to meet your motoring coverage needs. We found both, again, saving us 29% or $360.00 a year without bundling. Fact. And it was so easy. All it takes is a bit of time, a telephone, and an internet connection. “Auto Insurance. Your Best Rate Awaits. It’s So Easy.”
JANUARY 12, 2020. Business is sober serious stuff, real business anyway. Ninety-one Fortune 500 companies, doing sober business, paid no federal taxes at all last year. That’s sobering, and serious if the country’s going to pay its’ bills. Strippers pay bills and may be sober, and serious to anyone watching, or paying.
What about Silicon Valley startup Turvo software, “Collaborative Logistics.” Back in May Turvo sobered, and then got serious about firing their CEO Eric Gilmore for expensing $76,120.00 over three years for business. Stripper business. Stripping comes straight off the top of any sober tax bill. Is that how we explain the ninety-one?
Wells did do a lot of serious business and stripping, after they were caught, fabricating, defrauding, and stealing. Wells stripped it’s mortgage wing bare of all the innocent employees they flogged into it’s last big crime spree. Then they wanted more. But that’s not all they’re doing. And Boeing? The curtain’s been stripped back on company emails. Should you want any of either? “Show Time. Wells Fargo & Boeing. You Get Paid For This?”
DECEMBER 31, 2019. Find them anywhere from Key Largo to Shenzhen. Ford’s vehicles roam the planet. Their problems are planet-scale as well. Planets are moving targets, and so is business. How many people even want to own cars anymore?
Ford’s moving as well, away from sedans and directly to electric drive. Their playbook calls for a stable of 40 EVs within the next twelve months. Many exist now. Think the sparkling new Mustang Mach E. Can investors take an electrifying ride along with a company amid wholesale transformation? We take a quick look to see if you can. “F. All Trucked UP?”(Cover photo; the 2020 Ford commercial Transit. It and the Transit Connect own Europe.)
December 25, 2019. Sending out our best seasonal wishes, and hoping your year has been as good as outs.. Thanks for another year of readership. Our hope is to always bring useful investing insight. Without You, their seems far less point. Thanks from the crew at STOCKjAW.Read more
DECEMBER 21, 2019. Dumpster diving defensive plays for bargains now is a fruitless folly. But we want a bargain. “You know what a bargain is? Buying nothing” David Faber. Well, that’s actually called saving. Is it time to save?
Always, and it’s also time for value. Can you smell the building rotation? It’s back to growth yo, soon. Think 266,000 November jobs and repeat all-time highs for all three indexes. Smell it now? The savvy never argue with jobs, rotations, or real bargains. Know any? Capital One?
Over three months we’ve witnessed the financials transform from a gaggle of dopey nappers into shimmering stars. Yup. Bam. Institutional money squirts like that. Witness the big banks. Jamie’s JPM used to sell for 1.6x book–buying with both hands yo. Now it cool-glides somewhere above the clouds in a hushed grace, all a fatter 1.84x book. Up 16%–three quick months.
And others? Skank of America? Better back up. BAC; up 17.7%, three rolled months. Only the hooks of a claw hammer rakes our wallet out for BAC’s price now. Even the still grab-asstic criminal stage coach known as Wells Fargo has creaked forward 9.8%. Wells is now more expensive than enticing. We know. We’re still attempting to hatch a pile.
Once bargains roar they’re no longer bargains. A few become parables, while the rest simply become pricey. Any rotation-driven move up creates a bit of multiple expansion. That’s unless company fundamentals also improve. Most don’t. All up moves have only so much gas. All that’s where we’re at with Capital One. COF is now one of the top 10 largest lenders in the U.S., and has more than 520 bank branches, mainly in the east. Bank deposits mean better funding, and more security. It’s not just a card dealer. It’s up. It’s value, and it pays. Is that enough? STOCKjAW looks deep to see…”Dare it is. Capital One.”
DECEMBER 8, 2019. Core truths lie deep within baffling complexities. That’s life. The art of living well often means rediscovering such. Amen. That’s now.
The holiday season often functions as a garlanded flashcard. When our crazed lives ease just a breath we again realize why we do it all. Such works with investing as well.
The core truths of stock investing serve us all and will so tomorrow. The sound, fury, and utter nonsense, of the retail investing carnival swirls daily. Yet, these five foundational truths remain., regardless of the market. When you think you’re too clever for these, you’re begging for fugly. Here they are. “5 Points to Portfolio Perfect.”