Change and Opportunities

Where does the time go? How can it really be Monday morning again? By the time you are reading this, I will have begun my new project management job. I have mixed feelings about returning to the engineering field. I will work as a project manager for a local municipality, responsible for their several of their capital improvement projects. It’s different work, which should provide several new learning opportunities. Several years ago I worked as a consultant to this same municipality, so it will be interesting to sit on the other side of the table. Some of you may be wondering, what happened to the contracting business I was helping turn around…? Well, I’ve written more on that in the next paragraph. Right now, I’m going to enjoy this job while keeping my eyes open to future opportunities……one of which is the investing partnership detailed in the last paragraph. Continue reading

One Place I Look For Stock Investments

It should come as no surprise to regular readers of this blog, that we are always on the lookout for off beat and under the radar investment ideas. Sure Coca-Cola (KO), General Electric (GE) and General Mills (GIS) are our largest stock holdings. I even like to calculate valuation estimates of these blue chip stocks, as I did recently with Johnson & Johnson (which you can read HERE). Those blue chips are some of our long term holdings, and I don’t foresee that changing, but I also spend hours per week combing small cap stocks. Of course some of those small cap ideas come from traditional screeners, but some of those ideas come from……………….

Continue reading

My Updated Valuation of Proctor & Gamble

Twice per year I like to update my valuation of the core holdings in my dividend growth portfolio. As I recently did with my valuation review of Johnson & Johnson (JNJ), I like to keep an eye on each company and the price that company’s shares are currently selling at. Additionally, I believe a discounted cash flow analysis (DCF) is an important way to evaluate companies with predictable earnings……as I recently WROTE. Now, let’s get to evaluating Proctor & Gamble (PG).

Procter & Gamble is a US corporation whose diverse product mix is known around the world. It was first incorporated in 1905 and has grown to the point where it currently sells consumer packaged goods in 180 countries. Not only is Procter & Gamble’s client base diversified geographically, they are also diversified across the 5 business units in which they operate. These units include: Continue reading