Voting Results, Stock Pitches and Portfolio Update

Last week an independent investor pitched to buy Wal-Mart at a limit of $57 the vote passed 44-12

In addition, it was proposed that $15,000 of the excess cash be placed in two low volatility high volume income producing ETFs. The vote passed 53-3 and it was decided to purchase HEX.TO and HEJ.TO. The positions have yet to be added to the portfolio because analysis of the historical price performance suggests a slight decline prior to the ex-dividend date. The positions will be added to the portfolio regardless by January 25th in order to ensure the dividend is obtained.

Find our weekly portfolio  and market update here! We reached another milestone with the portfolio closing above 8% on Friday!

Finally, this week we will be having two stock pitches. The industrial sector will be presenting WestJet while the Small Cap sector is pitching Rio Alto.These pitches will take place on Wednesday at 5:30 pm in the GTF. This will be followed by a short discussion on events in the market and Victor will be conducting a seminar on Margin that is offered to real life traders and a basic options tutorial!

Make sure you make it out to Wednesday’s event.

Keep an on the website for more information!