In addition, Pat thinks then beginner investors should cultivate two important qualities: a healthy sense of skepticism and patience.
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Investors should approach all investments with a healthy sense of skepticism. This can help keep you out of fraudulent stocks that masquerade as high-quality stocks. It will also keep you out of legally operated, but poorly managed, companies that promise more than they can possibly deliver.
If you are a new investor, you should also realize that losing patience can cause you to sell your best choices right before a big rise. All too often, investors buy a promising stock just as it enters a period of price stagnation. Even the best-performing stocks run into these unpredictable phases from time to time. They move mainly sideways in a wide range for months or years before their next big rise begins. (Stock brokers often refer to these stocks as “dead money.”)
If you lack patience, you run a big risk of selling your best choices in the midst of one of these phases, prior to the next big move upward. If you lose patience and sell, you are particularly likely to do so in the low end of the trading range, when stock prices have weakened and confidence in the stock has waned.
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However, the elevated P/E reflects the company’s continuing success at attracting customers—both low and middle-income earners. Those consumers remain focused on lowering their spending in the face of persistent inflation. The company is also developing new revenue streams, such as its Walmart+ subscription service, which provides customers with fast home delivery and other rewards.
In addition, this leading retailer has a long history of using technology to monitor its inventories. That lets it avoid costly markdowns for unsold goods as well as product shortages.
Walmart is now adding artificial intelligence tools to better predict shopping trends and speed up its deliveries. A new alliance with the creator of the popular AI chatbot ChatGPT should also spur sales for its online channels.
The company recently announced that John Furner, who heads up its U.S. operations, will succeed Doug McMillon as CEO in early 2026. Mr. Furner is expected to continue with his predecessor’s policies and add to the stock’s 588% gain over the past 10 years.
The company’s sales are mainly in the U.S. (90%), while most of its manufacturing takes place in North America. This has helped it to navigate the current higher U.S. tariffs on imported goods. There are eight manufacturing facilities and 14 distribution centres in North America.
La-Z-Boy operates through two main segments: Wholesale and Retail.
The Clayton, Missouri-based company went public in November 2021 with a listing on the New York exchange. Its roots as a private firm date back more than 60 years.
Perimeter serves wildland agencies (including the USDA Forest Service and CalFire), municipal fire departments, industrial sites handling flammable liquids, and global producers of lubricant additives. It operates manufacturing and distribution facilities in the U.S., Canada, Europe and Australia, with customers in over 100 countries. In the key U.S. market, Perimeter holds a dominant position in aerial fire retardants for wildland operations.
The company has two main business segments, namely Fire Safety (75% of sales) and Specialty Products (25%). Physical products provide 80% of revenue; and services, 20%. Revenue is mostly generated from clients in the U.S., with smaller contributions from Europe and Canada.
The company’s flagship McIlvenna Bay Project is located in east central Saskatchewan, 65 kilometres west of Flin Flon, Manitoba. McIlvenna Bay has one of the largest undeveloped Volcanogenic Massive Sulfide deposits in the region.
Sulfide minerals were formed at or near the seafloor by hydrothermal vents. These deposits are a major source of base metals copper and zinc as well as precious metals gold and silver. The ore is found in clusters, which makes for low-cost mining.