Snap-On Tools, A Dividend Stock to Avoid?

Snap-On Tools (NSA) is the premier toolmaker. The company pays a decent dividend and has grown its dividend. SNA Dividend data by YCharts However, Snap-On Tools is not the most consistent dividend grower. Snap-On experiences periods where it doesn’t raise its dividend. These periods can last several years. SNA Dividend data by YCharts Short Snap-On […]

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What I Wish I Wrote ~ September 1, 2017

A collection of mostly finance related links that I wish I had the talent to create. Some thoughts on Chipotle $CMG given the recent pullback in price: pic.twitter.com/EJmU0w3F9o — Connor Leonard (@Connor_Leonard) October 28, 2016 Why Everyone Should Write. Putting yourself out there increases optionality. (Collaborative Fund) Shorting Uber (Jeff Matthews Is Not Making This […]

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Howard Marks’ Checklist

One of our core tenets at American Money Management is we can’t predict the future. We don’t know what the equity markets will do this year, next year, or the year after that. No one can. Capital markets are dynamic systems. There are too many participants involved and too many variables interacting and influencing each […]

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Third Point Invests in BlackRock (BLK)

In their Q2 2017 letter, Third Point outlines their reasons for investing in BlackRock (BLK). BlackRock is a long time holding in our dividend growth portfolio. BlackRock is the world’s largest asset manager, with $5.7 trillion in AUM. In a classic scale industry, BlackRock is an asset-gathering machine, with organic net inflows of over 7% […]

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Network Effect & Switching Costs for Intuit’s QuickBooks Online

Intuit’s QuickBooks Online is its Software As A Service (SAAS) business. It is replacing Intuit’s legacy QuickBooks Desktop software. QuickBooks Online is part of Intuit’s effort to transform its revenue from highly repeatable transactional sales to highly recurring subscriptions. QuickBooks Online is experiencing strong adoption and growth. I wouldn’t say it has built an enduring […]

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