Value Investing

Toromont Industries Ltd. Bulks Up With Hewitt Group Buy.

The Security Whisperer Commentary, Mergers and Aquisitions, performance , , , , , , , , , , ,

Major Canadian Caterpillar dealer Toromont Industries Ltd (TSE: TIH CN) recently announced a deal to acquire Hewitt Group, a large Caterpillar dealer with 45 branches across Eastern Canada and approximately 2,000 employees. The deal was very well received by investors, who sent TIH stock up nearly 5% when the deal was announced on August 28.

You can read the announcement here:

https://www.toromont.com/newsdetails.asp?ReleaseID=1038349

You can click the link below to see my write up on TIH and why I believe it is an attractive investment for the long-term investor:

Heavy Duty Success: Toromont Industries Ltd.

 

 

 

Advertisement

Is Prem Watsa Making The Smart Money Move?

The Security Whisperer Commentary, People, Stock News , , , , , , , , ,

Big news out of Canada recently folks as that country’s answer to Berkshire Hathaway Inc., Fairfax Financial Holdings Ltd., sold almost 90% of its long-dated U.S. Treasury holdings in what appears to be a risk-off move on the cusp of U.S. elections and lingering global uncertainty.

http://www.bloomberg.com/news/articles/2016-11-04/prem-watsa-s-fairfax-sells-90-of-long-bonds-ahead-of-election

 

To Be Or Not To Be (Activist)…Apparently ValueAct Answered That Question With Morgan Stanley.

The Security Whisperer Commentary , , , , , , , , ,

Investing genius Jeffrey Ubben and his team at ValueAct Capital Management L.P. were in the news on Monday with a report (form 13F) that fund or funds affiliated with the company had taken a roughly 2% stake in Wall Street giant and James Gorman-led financial services powerhouse Morgan Stanley.

What seemed to take many on the Street by surprise was that ValueAct was not seeking a seat on Morgan Stanley’s Board nor did it seek to criticize the actions of C.E.O Gorman. On the contrary, it would appear ValueAct thinks Gorman is running the firm quite well, and believes investors are not giving the company the credit it deserves.

In particular, ValueAct highlighted Morgan Stanley’s shift to asset-light and relatively lower risk businesses like wealth and investment management and investment banking advisory, which now account for about 80% of company profits.

http://www.bloomberg.com/news/articles/2016-08-15/valueact-adds-morgan-stanley-seagate-sells-motorola-solutions

http://www.reuters.com/article/us-morganstanley-valueact-idUSKCN10R20N

Time will tell if this “passive” approach will pay off.

ValueAct Sees Value In Trinity Industries.

The Security Whisperer Analysis, performance, Uncategorized , , , , , , ,

While I am nowhere in the same league as the geniuses at ValueAct Capital Management, I must admit that I did spend the majority of last Friday smiling upon reading the news that a fund associated with ValueAct Capital Management Continue reading →