December Purchases

Despite the ongoing record setting pace of the market this month, two purchases of note were made. There are in addition to the DRIP and FRIP purchases which are generally reported in bulk at month end.

This one is allocated to the granddaughter’s future holdings, continuing the tradition of a stock for Christmas. The only rationale given for these purchases is that it is meaningful for her – forget PE ratios, valuation, etc. In this case, she and her friends spend a good part of their off-campus lunches at McDonald’s (MCD) – end of story. I had considered Toyo Suisan Kaisha Ltd (TSUKY) the maker of ramen noodles but decided that one might be a better choice for her first year of college.

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An outstanding limit order executed more than doubling my holding. That said, assuming the dividend remains intact it will account for maybe 1% of my forward dividends. I suspect capex spending has peaked and their attention can turn to the balance sheet. So – I essentially reduced my cost basis although I remain underwater on this one.

Two things I be keeping an eye on as 2020 begins – 1) their expansion (via JV) in Saudi Arabia, and 2) their version (and traction) on streaming.


Unless there is a major retraction over the next day or two, this will close the curtain on my 2019 activity. Here’s hoping your 2020 is great!