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Posted on September 4th, 2012 by Jeff Pollock

Last month, office retailer Staples reported disappointing quarterly results that caused the market to trounce the stock 15% the following day. While the average investment analyst expected the company to earn $0.22 per share for the quarter, the chain reported only $0.18 per share as ink and paper sales slowed, thus missing Wall Street’s target […]

Posted on August 18th, 2012 by Barry Schwartz

Back on June 4th of this year the S&P 500 closed at 1,277, down a gut wrenching 9% from the previous month. Toronto didn’t fare any better, as it too dropped by 9%. Those who told you to sell in May looked pretty smart. The daily headlines went from bad to worse as we feared […]

Posted on August 10th, 2012 by David Baskin

HOW MUCH IS ENOUGH? The discussion we have most often with our clients involves how much they need to save in order to guarantee a comfortable life style in retirement.  Entire books have been (and will continue to be) written on the subject, and an substantial number of financial planners make a pretty good living […]

Posted on August 1st, 2012 by Jeff Pollock

Followers of Barry Schwartz’s articles will recall that value investors await opportunities in the market by swinging at “fat pitches.” A fat pitch is intended to  provide the investor with a margin of safety by protecting him against downside risk. “The fat pitch happens when … a stock drops [and] suffers a large but solvable […]

Posted on July 26th, 2012 by Barry Schwartz

It’s over. We have run out of all cheap commodities. Today’s announcement by Barrick Gold is the proof. In a shocking disclosure, Barrick revealed that its proposed mine in Chile will cost 60% more to build. Barrick is not alone in this. Over the past few weeks, Teck Resources, Inmet Mining, Suncor, Kinross Gold and […]

Posted on July 18th, 2012 by David Baskin

From 2004 to 2010 the TSX 300 Index of leading Canadian stocks outperformed the S&P 500 Index of major American companies in each and every year.  Canadian investors did much better than their American counterparts, and to add icing to the cake, the Canadian dollar rose steadily from about 78 cents US in 2004 to […]