Made a couple of these tasty little treats over the weekend. I have to admit, I prefer a straight whisky sour, as this one was a bit too sweet for my liking but the two ladies who tried them (my wife and my cousin) seemed to enjoy the sweetness of the Amaretto.
I made a few variations, one with a bit more bourbon, and one with equal parts Bourbon & Amaretto. Obviously I preferred the one with more bourbon.
1 oz Amaretto
1 oz Bourbon (or more if you prefer)
Lemon Juice (half a lemon)
0.5 oz Egg White
.25 Simple Syrup
Topped with Angostura Aromatic Bitters(pic below)
You can find other cocktail recipe’s on the “My Bar” tab as well or by clicking HERE
In July I did a stock screen of Canadian dividend paying stocks, that have increased their dividend over the last 5 years, have a low payout ratio and are attractively priced. I used some other metrics as well, and you can read the full post HERE
The screen narrowed down the Dividend Aristocrats list from about 100 stocks, to under 20, and ranked them based on about 10 different metrics. With the recent market downturn happening in Canada, I decided to take a look back, and see if any of the companies on my list have been discounted enough to warrant a buy. There were 7 companies now trading at a 10% or more discount from July. One stock however caught my eye: Transcontinental [TCL.A]. TCL is trading at a 33% discount from just 3 months ago!
|Stock||Price on July 27||Price Now||Difference||% Discount|
|Canadian Tire Corp||175.5||149.27||26.23||15%|
|Equitable Group Inc||61.5||59.56||1.94||3%|
Transcontinental was primarily a printing business(still the largest in Canada), but over the last little while have been making acquisitions to focus more on the packaging side of their business. As you can see, their revenue has shifted dramatically from Printing to Packaging over the last 8 years.
*Source: TCL Investor Presentation PDF
So why has the share price tanked?
There seems to be 3 main reasons the price has dipped a full 33% since July.
There seems to be some fear that because the printing side of the business isn’t generating as much, there might not be any growth in the future, however, this is an experienced team, who, over the last decade has been making acquisition after acquisition to ensure they are well positioned for the future. They have sold off multiple local newspapers, and purchased 3 new packaging companies just in the last 12 months.
Although revenue has been fairly flat, they’ve become very efficient, and reduced the cost of revenue substantially. Their net income and earnings per share have been strong over the last 3 years, and they’ve also raised their dividend every year since 2001.
TCL is currently trading at just 7.2 X Earnings and pays a 4.16% (and growing) dividend to wait until the stock price catches up.
Transcontinental also seems to think they are currently trading at a discount, because they have been buying back shares over the last couple of days as well!
I haven’t pulled the trigger yet – but I think I might before the end of the month if the price stays low.
What do you think? Do you own TCL? Would you buy it at these prices?
No I am not referring to marijuana legalisation – though by all means – if you feel the need to have a quick toke before reading on please do.
It’s time, for probably the first time since 1986 to get excited about our Men’s Soccer team. Yes you read that right – and NO I’m not high!
*Disclaimer*Before I start, I’d like to point out I am a HUGE supporter of our Women’s team. I currently own a Sinclair Jersey, and I can’t wait until she breaks the all time record for goals. I am also extremely excited to watch Jesse Fleming for the next 20 years, as I think she will be a superstar! Now on with the post….
Unless you’ve been living under a rock, or don’t really give a shit about Soccer I’m sure you’ve already heard of Alphonso Davies. He is the 17 year old wonder kid who plays for the Whitecaps in the MLS, and one day could be the most famous Canadian athlete of all time (no pressure).
Here are just a few of his accomplishments. Keep in mind, he isn’t even 18 yet.
Although the stats above probably give you a good idea of just how good he is, the fact that he was recently signed by Bayern Munich (one of the best teams in the world) for an MLS record fee of 22 million dollars should hammer home just how highly skilled and touted he is.
If you needed any more proof. Take a minute and watch this:
Aside from Alphonso Davies, here are 5 other young Canadian players to get excited about.
With all the attention Davies, and these other youngsters have been getting, it is easy to forget that Canada also has a few other bright spots in their lineup:
Junior Hoilett who currently plays in the English Premier League for Cardiff City is still only 28 years old, and should be a mainstay in the midfield for the next few years. Although the opponent’s weren’t the strongest, in his last 2 appearances for Canada he has did score 2 goals. Hoilett has a lot of offensive ability, and now has some other really talented players to play with on the national team.
Scott Arfield was recently named captain of the Canada team, and is just 29 years old. He spent the last 2 years playing for Burnley in the English Premier League (scoring 3 goals). This season he moved to the Scottish Premier league and plays for Celtic Rangers. In his first 7 games this season he already has 2 goals. Scott Arfield is an all around solid midfield player who is responsible defensively but can play well with the ball as well.
Cyle Larin is still just 23 years old, and is just 3 years away from scoring 17 goals in the MLS & being awarded rookie of the year. He has since moved on to play in the top league in Turkey for Besiktas. Although there is a lot more competition on this Canadian team at striker(David & Cavalliini), Larin should still get his chances to play, and with 8 goals in 26 appearances for Canada it’s easy to understand why.
Aside from the players, one last reason to perhaps get excited, is the new coach: John Herdman.
Over the last 7 years Herdman coached the Canada Woman’s team. In that time they accomplished:
Although it has only been 3 games since he has moved to the Men’s team, I think it is important to note, they have won all 3 games, and broke some records along the way. Sure the opponents weren’t the strongest, but I remember lots of close games between Canada and some weaker teams in years past. In his first 3 games, Herdman has led the Canadian team to the following:
The US Virgin Island win broke a record, for Canada’s biggest ever win. The Dominica win tied a record for most goals ever scored on Canadian soil.
The next game for our National team is March 26, for our 3rd game in the Concacaf Nations Cup. I’ll be watching, I hope some of you do too!
I typically try my best to never carry any non mortgage debt. I’ve been pretty good at this over the last 10 years (Although I did have a line of credit I was using to invest with for a while).
Lately however, my credit card was actually carrying a balance for the first time. We had some big purchases for the new house, the Jets went on a long playoff run(more tickets), our new daycare is costing $1200 a month & I had a few people behind in their payments to me for Jets tickets. On top of all of that, I recently had a root canal which although will be reimbursed mostly via insurance cost almost $2000.
All that said, last week I did something I rarely do- SOLD a stock! I sold my full position in Alimentation Couche-Tard from my TFSA. I am still a fan of this company, and truth be told, I may look at getting back into this one if the stock dips again. I only had 125 shares, which were purchased for about 58.00 each. Although I didn’t hold the stock very long (just under a year) I ended up making a return after commissions of 8%. The proceeds were enough to cover the outstanding balance on my credit card and then some. With the extra cash, I left a little bit in my savings account, and put about $2000 to work upping my position in another stock….
Today I purchased an additional 1018 shares of Western Forest. I originally started my position in Western Forest in January of this year. Here is what I wrote back then:
The lowest priced stock on my list (trading at $2.68) this is a B.C wood producer that has shown consistent profits and has increased revenue over the previous 3 years. The dividend hasn’t grown in 5 years which is a slight concern, although with a payout ratio under 40% there seems to be some room to grow it in the future as long as revenues keep increasing and they can control their costs.
Since I wrote that, the dividend has in fact been increased. The company is still profitable, and has a strong balance sheet. The stock price has been hurt mostly due to the NAFTA concerns. The company clearly has confidence in it’s ability to produce, and believes it is oversold, as it recently bought back over 3 million shares. I scooped up these additional shares at a price of $1.93.
Although I think the price could stay depressed for a while , I’m okay holding and DRIPPING additional shares. At the current share price – this is yielding over 4.5%. This will allow me to drip 18 shares per quarter. There may still be room for another dividend increase as well, as the current payout ratio is still under 50%.
There are two other Canadian companies which I currently own, & have on my watch list right now as well. Both are trading at their 52 week lows:
Artis’ debt and payout ratio are a bit of a concern right now, so I didn’t pull the trigger on any new shares, however they are releasing their earnings in a couple of weeks, so I will keep a close eye and reevaluate.
Power Corp seems like another solid opportunity to sit on, and collect the juicy 5.45% yield while you wait for the stock price to recover.