Market News
The TSX 300 Composite, S&P 500, DJIA and the NASDAQ 100 all ended the week lower than they started. The TSX closed at its lowest since Aug. 23, 2021, likely a combination of it being a seasonally weak time for the market and the federal election on September 23, 2021. The 3 major US indexes ended the week lower on worries about corporate tax hikes, Covid-19 and possible tighter fiscal policy.
Two of the portfolios ended the week with small gains, with a small loss for portfolio 3.
Companies on the Radar
Two companies that have been on my Radar in the past popped up this past week. The first is Upstart Holdings (NASD:UPST), a US based, cloud based lending platform that uses artificial intelligence (AI) to improve access to affordable financing for individuals. The company company’s 3 co-founders still have leadership positions in Upstart with a high overall approval rating in glassdoor. A quick look at the numbers shows it has increased sales the last 3 years, finally turned a profit last year; no long term debt; and positive free cash flow. I’m always interested in fintech (financial technology) companies.
The other company is Globus Medical (NYSE:GMED), another US based company. Globus Medical makes robotic systems for spinal surgery “designed to improve accuracy and patient care.” The company is founder led with an OK glassdoor rating. Looking at the numbers, Globus Medical has beaten the S&P 500 over the last 5 years; prior to last year, sales and net income were increasing; no long term debt; and are cash flow positive. I suspect that with hospitals tied up with Covid-19 cases a lot of surgeries were pushed back, leading to a drop in net income (although it remained positive).
Both companies are founder led, utilize technology, appear financially sound and are worth a deeper look.
Portfolio Update
Portfolio 1
Portfolio 1 for the week ended September 17, 2021: UP 
Great Canadian Gaming Corporation (TSX:GC) announced an anticipated closing date of September 23, 2021, of its acquisition by Raptor Acquisition Corp., an affiliate of Apollo Funds. Great Canadian will be delisted from the TSX after the arrangement closes.
This will free up cash so time to see if there are any new public companies I’d like to own a very, very, very small piece of or to take a bigger ownership in companies already owned (still a very, very, very small piece).
Activity
No significant activity to report this week.
Dividends
Dividends Received this week for the following companies:
Canadian $
Automotive Properties Real Estate Investment Trust (TSX:APR.UN)
US $
BSR Real Estate Investment Trust (TSX:HOM.U)
Quarterly Reports
No quarterly reports this past week.
Portfolio 2
Portfolio 2 for the week ended September 17, 2021: UP
Activity
No significant activity to report this week.
Dividends
Dividends Received this week for the following companies:
Canadian $
Summit Industrial Income REIT (TSX:SMU.UN)
US $
No US$ dividends this week.
Quarterly Reports
No quarterly reports this week.
Portfolio 3
Portfolio 3 for the week ended September 17, 2021: DOWN 
Activity
No activity to report
Dividends
Dividends Received this week for the following companies:
Canadian $
No Canadian$ dividends this week.
US $
No US$ dividends this week.
Quarterly Reports
No quarterly reports this week.