The Race Is On

The U.S. Justice Department is set to decide soon whether to approve the $26.5 billion merger of wireless carriers T-Mobile USA and Sprint Corp. There are leaks that the decision for the merger could be out as early as next week, but regardless, a decision is coming soon. Federal Communications Commission Chairman Ajit Pai has agreed…

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This Could Yield Life-Changing Gains

President of the United States Donald Trump, Secretary Treasury of the United States Steven Mnuchin, and the head of the Federal Finance Housing Agency (FHFA), Mark Calabria, are seeking a prompt resolution to end the conservatorships of Fannie Mae and Freddie Mac. Just as importantly, these all-important figures are in alignment to recap and release…

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You Should Be Doing This!

The core investments at FMT Investment Advisory are always done with the mindset that they are businesses, not a collection of ticker symbols. We always focus on the underlying economics of the business while we seek to acquire them at sensible market prices and then we hold them until it no longer makes sense to…

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When the Love is There

A couple will typically part ways when they no longer want to be intertwined with one another, but another thing can end a couple. Two people sufficiently in love that ultimately give up on spending time together because of distance or anything else can potentially end in tears, too. There are some interesting parallels with…

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Attach Yourself to Real Winners

Warren Buffett has never invested into a single stock because of its dividend in his 70+ years of investing. Neither has his partner, Charlie. There isn’t a single person on the Forbes 100 richest list that got there as a dividend investor, either. In the case of Warren, ninety-nine percent (over 99%!) of his wealth…

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A Diamond in the Rough

Lucara Diamond is a classic FMT Investment Advisory Special Situation. The business has the following characteristics: An aligned management team and board of directors who own 21% of the common shares Profitable (has paid out $257 million in dividends since 2014) A strong balance sheet with no debt An attractive valuation (9.7x TTM earnings) with…

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