Nov 272014
 

Stock Split

Earlier this year I wrote a post about buying Dollarama stocks. 🙂 I mentioned $DOL has a history of growing profits and I like the financials of the business. I saw potential promise so I acted accordingly. Well today, about 7 months later, my investment in this thrift store is up over 20%, which has outperformed the TSX/S&P Composite by 5 times during the same period. Not too shabby. 😉 Making money in the stock market is all about knowing which companies to look for. 😀 And earlier this month Dollarama shares split 2 for 1 because its shares were getting too pricey. This is great news for shareholders! I list all my other TFSA holdings on the blog’s portfolio page.

Like Uber in the Sky

Happy Thanksgiving to friends south of the border. 🙂 If you are travelling by air during this time of the year then you may be interested in this new service called Bounce. Teterboro airport (in New Jersey) is one of the busiest of its kind in the country. Bounce is a service that will pick up passengers by helicopter from New York City, and fly them to Teterboro airport where presumably their private jet will be waiting for them. This is a great business idea and I’m sure will become popular. How it works is you call the service to pick you up. Within 20 minutes a Bounce chopper will arrive on your helipad. You pay $800 for up to 6 people, and the helicopter takes you to the airport.

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$800 might seem expensive as first, but when you split it between 6 passengers that’s only $133 per person. That’s roughly the same price as taking a black car or limo to the airport anyway. But instead of spending 45 minutes in traffic in a car, Bounce will get you to your destination in less than 5 minutes by air. 😀 Now you can travel in style. I would totally use this service if it was available in Canada. 🙂

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Apr 072014
 

I’m pretty confident that there will always be a healthy number of frugal people in this world. So last Friday, as some of you may already know, I purchased 15 shares of Dollarama Inc (DOL). Each share was purchased at $87.61 for a total investment amount of $1,324.

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This is a dollar store chain with over 800 retail locations across Canada. The reason I decided to invest in this company is because I’m really impressed with how fast it’s expanding, and don’t want to miss out anymore on that growth. It’s also a recession proof company. There are frugal consumers when times are good, and there are even more of them when times are bad. So Dollarama has a very solid customer base that is not going anywhere. Here’s a look at how much profit Dollarama made in the last several years.

2010 – $73 million
2011 – $117 million
2012 – $173 million
2013 – $217 million
2014 – ??? (not released yet)

That looks like a pretty good track record of growing profitability to me 😉

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