Updated: Scorecard to 2017-09-29

Better late than never.

MMC continues to lead the way with a gain of 60% (excluding dividends) since I first made mention of it in October of 2015. Check the link here to read my analysis of the Company: Boring Is Beautiful: Marsh & McLennan Companies

Marketing juggernaut OMC continues to struggle, but I still believe the Company is an attractive long-term hold for the serious dividend investor. You can read my write-up on the Company here: A Stock even “MADMEN” Would Love.

Check out “My Scorecard” page for how my picks have been faring since first mention.

Happy Investing!

 

 

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Genuine Parts Company Announces Major European Move and Investors Applaud!

Dividend favorite Genuine Parts Company (NYSE: GPC) announced a near $2B move to enter the European market with a deal to acquire Alliance Automotive Group; sending GPC shares up more than $5 or nearly 6% on the day.

While not cheap, I believe today’s deal makes the company even more attractive for the long-term investor looking for a well-run business operating in an attractive sector.

Check out my original post on GPC from October 2015:

Tuning Your Car’s Engine…And Your Portfolio.

 

 

My Year-End Scorecard

As I consider myself to be a long-term investor, I take short-term disappointment in stride…not a few months does a successful investment make. Having said that, periodic performance reviews should be undertaken to ensure the ‘story’ that lead you to invest in the business in the first place has not materially changed (i.e. obsolescence, regime change etc.) and the businesses are still attractive for the long haul.  Continue reading

Make Room Manny, Moe and Jack?

Billionaire investor Carl Icahn today raised his offer to acquire automotive parts and services chain Pep Boys (NYSE: PBY) to $16.50 per share in cash, trumping a rival offer of $15.50/share by Japanese tire giant Bridgestone.

Both Icahn and Bridgestone have very deep pockets and while its left to be seen how this battle plays out (Bridgestone has until December 23rd to propose a higher offer), those investors who bought into Pep Boys towards the end of last year as part of a long-term plan or short-term trading strategy are looking at a sweet gain of more than 60% should Icahn’s deal go through.

The long-term attractiveness of the automotive parts and services business together with potential synergies from each bidder’s respective existing businesses business undoubtedly led them to knock on Manny, Moe and Jack’s door, and while I did not make a call to go long Pep Boys, this whole scenario makes me feel more confident on the prospects of Genuine Parts Company (NYSE: GPC) as an attractive long-term investment.