It would be an understatement to say that stocks have had an eventful festive period. Having entered technical bear market territory during one of the worst Decembers for stocks on record (including their worst ever Christmas Eve performance), they came roaring back on the day after Christmas with the Dow putting on just over 1,000 points. The last time there…
Monthly Archives
December 2018
The level of wealth creation generated by holding shares of the global payment processors is huge. For instance if you had invested $10,000 in Visa’s (NYSE: V) initial public offering it would currently be worth somewhere in the region of $100,000. Bear in mind it floated in around 2008, so we are looking at annual returns of well over 20%.…
December 17, 2018
Shares of McDonalds (NYSE: MCD) have had a heck of a run over the past three years, much of it down to the performance of the underlying business. I remember some folks writing the fast food giant off back in the 2015 period. Numbers from the company were rather poor – including an alarming 4.1% same store guest count decline…
December 12, 2018
The recent history of Walt Disney stock (NYSE: DIS) provides a good deal of valuable insight into long-term investing. Take the most recent twenty year period as a good illustration. Back in the late-1990s/early-2000s Disney shares were exceedingly expensive based on pretty much any valuation metric. Indeed, it was fairly common to see the stock trading well above 30x annual…
December 5, 2018