Posts

Showing posts from November, 2017

Recent Purchase - Medical Facilities Corp (DR)

I recently initiated a position in Medical Facilities Corp. It trades on the TSE under the symbol DR. This will be a long term holding for me and has a 1% weighting in my portfolio.

About DR

"Medical Facilities owns controlling interests in five specialty surgical hospitals located in Arkansas, Indiana, Oklahoma and South Dakota, and an ambulatory surgery center located in California. The specialty surgical hospitals perform scheduled surgical, imaging and diagnostic procedures. The ambulatory surgery center specializes in outpatient surgical procedures, with patient stays of less than 24 hours. Medical Facilities also owns controlling interest in a diversified healthcare service company located in Oklahoma that provides third-party business solutions to healthcare entities such as physician practices, facilities, and insurance companies"

Reasons I Bought:

-8.6% dividend yield
-75% payout ratio
-PE 16X
-ROE 24.15%
-ROA 15.43
-Current Ratio 2.3X
-Debt to Capital 33%

Other than…

Retirement Portfolio Net Worth – As of Nov 1 - 2017

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and our childrens RESPs.

ASSETS:
Oct Contributions: $500
Retirement Portfolio: $484,421 (up $11,991 stock market gains + $500 contribution)
Rental Property: $105,000 (lowest estimated selling price)

Total Retirement Assets: $589,421 (up $11,991)

LIABILITIES:
Investment Loan: $32,644 (down $1,490)
Rental Property Loan: $77,118 (down $500)
Total Liabilities: $109,762 (down $1,990)

Retirement Portfolio Net Worth: $479,659 (up $13,981)

Dividends Received (year to date): $11,216 (up $940)

October was another good month, once again due to stock market gains. I did manage to add a paltry $500 to our investment account this month which is far below what I was aiming for. I don’t expec…