I'm down 20% since I bought this stock for $47.16
It currently sits at $38.19 OUCH!
It pays an annual dividend of 96 cents equating to a yield of 2.5%.
Market cap is just over $3B so it is a big company, so why the sell off?
I don't know maybe it has something to do with the 16 kids killed in the Humboldt bus crash and the cries to crack down on truck inspections. It is badly needed. I might have miscalculated in my assumption that the Canadian economy needed the help of trucks to move products.
Looking back at my decision making it looks like I would have been better off buying FedEx or UPS. Delivery companies that are actually killing it because of the online retail buying that everyone is doing. Who knows?
TFII has so far been a dog purchase. Earnings are rising but revenue is declining due to it's heavy debt load. It really is threatening it's future. I hate heavily indebted companies and I should have looked into this further before buying.
I'm going to hold for the time being and wait for a pop before selling the stock.
I keep asking myself where they are going to be 5-10 years from now and will they be making money. If they didn't pay a dividend I would be selling this company immediately. I'm hoping the dividend keeps holding up the price.
January Dividends
I collected $954.54 in dividend income in January.
The total PF gained $30K and was up over 8%. Those who sold in December are slamming their heads against the wall. Market corrections are never a good time to sell. Always wait for the recovery to dump losers.
My U.S. Stocks
I talked about my frustration with FB yesterday. Since then the stock popped up 10% bringing my position back into the green. It did sell off into the close yesterday losing 2% of that gain. I'm holding as the Cambridge Analytica fiasco has not hurt the stock. They just keep making millions in ad revenue.
You have to keep in mind this company also has a suite of products including Instagram and Messenger. I use both on a daily basis. When someone comes up with a better social media platform I may sell.
Everyone hates FB and deletes their account. There is no alt out there so I remain an investor. I paid $160 for my shares.
Amazon
Poised to lose 4% as the after market is punishing the company for poor sales numbers at physical locations.
I bought this retail giant because of it's online muscle. Whole Foods is sucking air right now. They need to get a grip on how to make this work. I hated the acquisition from the get go.
I am down 12% since purchase and obviously paid way too much for the stock. I'm not fucken selling but I'm not happy either.
I own BRK.B and I'm also down on this stock. I am looking to buy more and believe it's trading at a great price right now. No dividend but again a nice sleep at night stock.
How was your January in the markets?
