Thursday, December 11, 2014

Made small new acquisitions

Hey FF,

Thought I would give you some infos, since you are all begging for it. I know you are!

Well, for instance, this week I bought a small amount of shares of Verizon (VZ), the U$ giant-telecom  company. The share had a 15% drop since it's 53$ high this year. I thought it was a good small entry-point. At 4,75% the yield is pretty decent.

I bought 25 shares of VZ.

« Verizon is one of the largest communication technology companies in the world. It operates America’s largest 4G LTE wireless network and the nation’s premiere all-fiber broadband network

Apart from the fact that Verizon is a strong and reliable company, the main reason why I bought it it's because I don't own much telecom in my portfolio. I have a small position in BCE, a Canadian telecom. 

I want to hike my overall % to 6%. It is now at 2,45%, which is pretty low for a sector in such demand. 

I also added some shares of Cominar (CUF.UN). Real Estate is a sector I wanted to increase my exposure a long time ago.


« Cominar Real Estate Investment Trust is one of the largest diversified real estate investment trusts in Canada and the largest commercial property owner and manager in the province of Quebec. »

Their real estate portfolio includes 563 office, retail, and industrial properties in Quebec and Ontario. It represents more than $8.2 billion in assets.

The share yields at almost 8%. It's kind of high but it's an Investment Trust, so it can allow to give out more cash to its shareholders.

I have now 180 shares of CUF.UN.

In september, I also bought 150 shares of a small-cap pharma name Knight Therapeutics that operates in Montréal. It's quite a long shot, so I placed it in my portfolio under the «Penny Stock» section. 

They recently sold a Voucher that was worth 125 millions. They are sitting on a lot of cash, but don't have a lot of things to sell at the moment. Will see. The CEO has shown in the past that he can make some really nice moves...

Check it out for yourselves : here

How about you Financial Freaks? Made any new acquisitions?


2 comments:

  1. Noice purchases. You picked a great time to invest in VZ, as the stock has been down recently. You can't go wrong owning either of the large American telecom giants (VZ or T) in a dividend growth portfolio. Congrats on adding the $55 in dividend income from the purchase.

    Keep up the great work, you are marching closer towards financial freedom!
    Bert, One of the Dividend Diplomats

    ReplyDelete
  2. Hey Bert from Dividend Diplomats. Thanks for your comment. The day after I bought the stock, it was down 1$ But eh, who cares in the long run. I definitely need to accentuate my owning of VZ over the next couple of years.

    Thanks for coming by. It's like a little party when a visitor pops in! ;-)

    ReplyDelete

Thanks a lot for your comment.