Adding New Companies To The Watch List

In these times when valuations in general are high one has to have patience and remember the saying that what goes up sooner or later must come down. It is also important to keep focusing on individual companies and not get distracted by how the market as a whole evolves.

With the above in mind, I have expanded the Watch List to encompass even more companies. The more companies I monitor the greater the likelihood is that a buying opportunity will surface. A larger Watch List also increases the opportunity for me to diversify my portfolio and the passive dividend income. Expanding the Watch List means more work, but I'm convinced that it will pay off. The observant reader may already have noticed that I have added the following companies to my Watch List:

Kone (One of the world's leading companies in the elevator and escalator industry from Finland, with operations in 60 countries and an impressive profit growth averaging 30% per year since 2005.)

Toronto Domino Bank (Canada's second largest bank which has had the highest profit and sales growth of all the major banks in the country. The dividend has increased by an average of 10% per year over the period 2005-2014.)

Royal Bank of Canada (Canada's largest bank with 80,000 employees and 40% of its revenue from the international market, of which 18% comes from the US).

Bank of Nova Scotia (Canada's third largest and most international bank with operations in over 55 countries and more than 19 million customers worldwide. The bank has had a dividend growth of about 7% on average the last ten years.)

Nolato (an industrial conglomerate listed on the Swedish Mid Cap with operations in telecommunications, industrial and medical devices. The company has raised their dividends by nearly 500% since 2005.)

Beijer Ref (another Mid Cap company engaged in trading and distribution of cooling components and air conditioning. The company has grown it's dividend considerably during the last teen years even if the dividend has varied in size over the years.)

I will return to the companies mentioned above in future posts. For those of you who want to see the valuation metrics as well as my assessment of fair price regarding the companies above feel free to visit my Watch List in the main menu of the blog.