| Stock |
Symbol |
Initial Purchase |
Overall Return |
| Crane Company |
CR |
11-05-2008 |
122.52% |
| Computer Programs & Systems, Inc | CPSI | 1-31-2008 | 117.43% |
| Biovail Corporation | BVF | 3-17-2008 | 114.86% |
| LAN Airlines | LFL |
2-28-2008 | 111.69% |
| Bancolumbia S.A. |
CIB |
7-15-2009 |
94.97% |
| CPFL Enenergia S.A. |
CPL |
1-03-2008 |
60.80% |
| Tomkins |
TKS |
1-31-2008 | 60.59% |
| Patterson UTI-Energy, Inc. | PTEN |
12-01-2008 | 55.72% |
| Tata Motors |
TTM |
4-16-2008 | 52.14% |
| Pepco Holdings, Inc. | POM |
7-08-2009 | 48.31% |
| Bristol Myers Squibb Company | BMY |
3-17-2008 | 48.10% |
| B & G Foods |
BGS |
5-21-2008 | 47.79% |
| CNOOC Ltd. | CEO |
7-09-2009 | 47.16% |
| McDonald's Corporation | MCD |
9-19-2007 | 44.79% |
| Deluxe Corporation |
DLX |
9-16-2008 |
41.06% |
| Mattel, Inc. |
MAT |
7-16-2008 | 38.67% |
| Altria Group, Inc. |
MO |
9-19-2007 | 35.97% |
| Vector Group, Inc. |
VGR |
8-18-2008 | 34.04% |
| Consolidated Edison, Inc. |
ED |
7-20-2009 | 33.21% |
| Cognex Corporation |
CGNX |
10-21-2008 | 31.88% |
| Marathon Oil Corporation | MRO |
12-30-2008 | 31.21% |
| Sara Lee Corporation |
SLE |
7-16-2008 | 26.19% |
| Centurytel, Inc. |
CTL |
7-01-2009 |
26.02% |
| Cal-Maine Foods, Inc. |
CALM |
6-22-2009 |
25.60% |
| Progress Energy, Inc. |
PGN |
6-22-2009 |
25.23% |
| Stock |
Symbol |
# of Shares |
Overall Return |
| 3M Company |
MMM |
1.063 |
9.90% |
| Abbott Laboratories | ABT | 2.048 |
17.74% |
| Aircastle, Ltd | AYR | 3.403 |
-46.78% |
| Alcoa, Inc. |
AA |
2.128 |
-67.87% |
| Altria Group, Inc. |
MO |
1.160 |
33.86% |
| Ameren Corporation | AEE |
2.232 |
-20.29% |
| American Ecology Corporation |
ECOL |
5.226 |
-16.74% |
| American Express Company |
AXP |
1.044 |
-22.16% |
| American Software, Inc. |
AMSWA |
16.247 |
-11.96% |
| Amkor Technology | AMKR | 6.000 | -47.60% |
| Annaly Capital Management, Inc. |
NLY |
6.471 |
8.47% |
| Aqua America, Inc. |
WTR |
5.319 |
24.42% |
| AT&T | T |
1.135 |
-26.20% |
| Automatic Data Processing, Inc. |
ADP |
2.065 |
22.04% |
| B & G Foods, Inc. |
BGS |
10.000 |
49.87% |
| Banco Latinoamericano de Comerico | BLX | 6.271 |
-13.08% |
| Banco Santander SA |
STD |
4.504 |
-29.27% |
| Bancolumbia S.A. | CIB |
3.079 |
91.37% |
| Bank of America Corporation |
BAC |
2.094 |
-62.25% |
| Barclays PLC | BCS | 3.136 |
-28.85% |
| BB&T Corporation |
BBT |
2.176 |
-18.42% |
| Berkshire Hathaway, Inc. Class B |
BRK.B |
1.000 |
5.73% |
| BHP Billiton | BHP |
1.011 |
11.06% |
| Biovail Corporation |
BVF |
5.606 |
113.66% |
| Boeing Company |
BA |
1.070 |
-20.24% |
| Boyd GamingCorporation | BYD | 6.000 | -46.43% |
| Briggs & Stratton Corporation |
BGG |
4.292 |
22.62% |
| Bristol Myers Squibb Company |
BMY |
3.352 |
46.89% |
| BT Group, plc |
BT |
2.294 |
-32.86% |
| Cal-Maine Foods, Inc. |
CALM |
3.074 | 25.94% |
| Caterpillar, Inc. | CAT |
1.080 |
14.83% |
| Cato Corporation |
CATO |
4.097 |
15.81% |
| CBS Corporation |
CBS |
5.453 |
-5.30% |
| Cellcom Israel Ltd. |
CEL |
3.197 |
-0.66% |
| Cemex S.A.B de C.V. |
CX |
3.000 |
-56.92% |
| Centerpoint Energy, Inc. | CNP |
5.585 |
18.15% |
| Centurytel, Inc. |
CTL |
4.343 |
26.65% |
| Cherokee, Inc. |
CHKE |
2.452 |
-27.95% |
| Chevron Corporation |
CVX |
1.077 |
4.08% |
| Cincinnati Financial Corporation |
CINF |
3.128 |
12.49% |
| Cisco Systems, Inc. |
CSCO |
4.000 |
30.46% |
| Citigroup, Inc. |
C |
1.050 |
-88.34% |
| CNOOC Ltd. |
CEO |
1.030 |
51.32% |
| Coca-Cola Company |
KO |
1.066 |
8.90% |
| Cognex Corporation |
CGNX |
5.197 |
37.96% |
| Comerica, Inc. |
CMA |
2.097 |
11.99% |
| Companhia Siderurgica Nacional |
SID |
4.455 |
-7.58% |
| Computer Programs & Systems, Inc. |
CPSI |
3.270 |
131.57% |
| Consolidated Edison, Inc. |
ED |
2.112 |
33.74% |
| Corporate Executive Board Company |
EXBD |
2.147 |
17.65% |
| CPFL Energia S.A. |
CPL |
1.172 |
53.01% |
| Crane Company |
CR |
4.259 |
125.43% |
| CRH, plc. |
CRH |
4.100 |
-4.17% |
| Deere & Company |
DE |
1.050 |
-0.69% |
| Deluxe Corporation |
DLX |
5.717 |
56.44% |
| Diageo | DEO |
1.081 |
-8.66% |
| Diana Shipping |
DSX |
2.247 |
-47.56% |
| Dover Corporation |
DOV |
1.000 |
3.47% |
| Dow Chemical Company |
DOW |
2.183 |
-20.93% |
| DTE Energy Company |
DTE |
1.122 |
10.21% |
| Duetsche Bank AG |
DB |
1.019 |
-25.70% |
| DuPunt de Nemours and Company |
DD |
1.116 |
-3.43% |
| Eastman Kodak Company |
EK |
20.000 |
-8.69% |
| Eaton Corporation |
ETN |
1.080 |
-7.69% |
| Eli Lilly & Company |
LLY |
3.128 |
12.41% |
| Emerson Electric Company |
EMR |
3.000 |
11.73% |
| ENI SpA |
E |
2.095 |
-1.89% |
| Entergy Corporation |
ETR |
1.079 |
-16.05% |
| Exxon Mobil Corporation |
XOM |
1.047 |
-28.07% |
| Fifth Third Bancorp |
FITB |
8.000 |
6.28% |
| France Telecom ADS |
FTE |
3.116 |
-14.61% |
| Fushi Copperweld, Inc. |
FSIN |
5.000 |
-21.33% |
| General Electric |
GE |
3.105 |
-28.23% |
| General Motors Corporation |
MTLQQ |
2.000 |
-96.42% |
| Genuine Parts Company |
GPC |
3.060 |
16.68% |
| Gold Fields, Ltd. |
GFI |
5.173 |
1.51% |
| Great Plains Energy, Inc. |
GXP |
3.354 |
-22.18% |
| Hasbro, Inc. |
HAS |
1.000 |
6.80% |
| Hewlett-Packard Company |
HPQ |
1.016 |
-15.91% |
| HJ Heinz Company |
HNZ |
2.177 |
12.26% |
| Holly Corporation |
HOC |
2.012 |
9.51% |
| Home Depot |
HD |
2.138 |
-1.00% |
| Honda Motor Company |
HMC |
3.094 |
20.75% |
| Honeywell International, Inc. |
HON |
1.070 |
-19.72% |
| ING Groep, NV |
ING |
2.058 |
-67.85% |
| Integrys Energy Group, Inc. |
TEG |
1.153 |
11.49% |
| Intel Corporation |
INTC | 2.133 |
-14.34% |
| International Business Machines |
IBM |
1.040 |
18.83% |
| Jabil Circuit, Inc. |
JBL |
4.000 |
2.47% |
| Johnson & Johnson |
JNJ |
3.151 |
20.05% |
| JP Morgan Chase & Company |
JPM |
1.031 |
-3.07% |
| Kimberly Clark Corporation |
KMB |
1.089 |
14.37% |
| Kraft Foods, Inc. |
KFT |
2.173 |
3.76% |
| LAN Airlines |
LFL |
5.274 |
85.69% |
| Leggett & Platt, Inc. |
LEG |
5.255 |
24.41% |
| Life Partner Holdings, Inc. |
LPHI |
5.178 |
2.57% |
| Lloyds TSB Group |
LYG |
3.686 |
-68.76% |
| Magyar Telekom Telecommunications |
MTA |
3.761 |
-8.13% |
| Marathon Oil Corporation |
MRO |
3.151 |
38.29% |
| Marriott International |
MAR |
2.035 |
-1.91% |
| Masco Corporation |
MAS |
4.344 |
-33.05% |
| Mattell, Inc. |
MAT |
5.443 |
37.79% |
| McDonald's Corporation |
MCD |
1.069 |
41.95% |
| Merck & Company, Inc. |
MRK |
1.099 |
-23.36% |
| Meridian Biosciences, Inc. |
VIVO |
5.050 |
1.31% |
| Microchip Technology, Inc. |
MCHP |
2.214 |
5.11% |
| Microsoft Corporation |
MSFT |
4.087 |
-13.18% |
| Mine Safety Appliance Company |
MSA |
4.077 |
9.13% |
| Mobile TeleSystems |
MBT |
5.000 |
5.35% |
| Newell Rubbermaid, Inc. |
NWL |
4.267 |
-3.04% |
| Nokia Corporation |
NOK |
6.240 |
-34.13% |
| Olin Corporation |
OLN |
2.000 |
1.36% |
| Packaging Corporation of America | PKG |
3.263 |
7.64% |
| Patterson-UTI Energy, Inc. |
PTEN |
8.305 |
70.17% |
| Paychex, Inc. |
PAYX |
2.181 |
-12.59% |
| Pepco Holdings, Inc. |
POM |
7.473 |
42.86% |
| Pepsico, Inc. |
PEP |
1.061 |
-7.98% |
| Pfizer, Inc. |
PFE |
2.241 |
-23.34% |
| Phillip Morris International | PM |
1.104 |
22.17% |
| Phillippine Long Distance Telephone Co. |
PHI |
2.079 |
11.23% |
| Pitney Bowes, Inc. |
PBI |
4.256 |
0.34% |
| Polaris Industries, Inc. |
PII |
2.014 |
22.87% |
| Polycom, Inc. |
PLCM |
4.000 |
1.25% |
| Procter & Gamble Company |
PG |
1.060 |
-7.97% |
| Progress Energy, Inc. |
PGN |
2.160 |
22.93% |
| Prospect Capital Corporation |
PSEC |
8.360 |
-12.81% |
| Prudential Financial, Inc. |
PRU |
1.034 |
-20.64% |
| Qualcomm, Inc. |
QCOM |
2.066 |
-1.34% |
| Regions Financial Corporation |
RF |
9.000 |
0.14% |
| Reynolds American, Inc. |
RAI |
1.164 |
-0.29% |
| Sara Lee Corporation |
SLE |
6.481 |
25.43% |
| Sasol, Ltd. |
SSL |
2.164 |
-6.22% |
| Southern Copper Corporation |
SCCO |
3.319 |
25.78% |
| Sovran Self Storage, Inc. |
SSS |
2.305 |
-0.99% |
| Sun Life Financial, Inc. |
SLF |
3.032 |
-9.54% |
| Sysco Corporation |
SYY |
3.232 |
9.71% |
| TAL International Group, Inc. |
TAL |
3.184 |
20.14% |
| Target Corporation |
TGT |
2.000 |
0.19% |
| Tata Motors, Inc. |
TTM |
5.043 |
33.29% |
| Tele Norte Leste Participacoes S.A. | TNE |
5.532 |
-19.39% |
| Telecom Corporation of New Zealand |
NZT |
4.743 |
-43.35% |
| Telecomunicacoes De Sao Paulo |
TSP |
3.555 |
14.66% |
| Textron, Inc. |
TXT |
4.105 |
27.71% |
| Travelers Companies, Inc. |
TRV |
2.052 |
22.31% |
| Tomkins |
TKS |
5.521 |
66.73% |
| Turkcell Iletisim Hizmetleri |
TKC |
5.231 |
-6.85% |
| United Technologies Corporation |
UTX |
1.056 |
4.37% |
| Vector Group, Inc. |
VGR |
4.928 |
33.52% |
| Verizon Communications |
VZ |
1.131 |
-12.85% |
| Walmart Stores, Inc. |
WMT |
1.041 |
21.20% |
| Walt Disney Company |
DIS |
2.056 |
3.24% |
| Waste Management, Inc. |
WM |
2.155 |
7.41% |
| Wells Fargo & Company |
WFC |
3.194 |
14.87% |
| Weyerhaeuser Company |
WY |
1.051 |
-73.44% |
| Whole Foods Market, Inc. |
WFMI |
2.000 |
11.08% |
| Windstream Corporation |
WIN |
7.372 |
13.08% |
| World Wrestling Entertainment, Inc. |
WWE |
4.926 |
1.69% |
| Worthington Industries, Inc. |
WOR |
5.405 |
-16.29% |
| WSP Holdings Ltd. |
WH |
16.050 |
-77.41% |
| Xcel Energy, Inc. |
XEL |
3.312 |
20.71% |
| Xilinx, Inc. |
XLNX |
3.168 |
25.16% |
Yesterday, after the market close, B&G Foods (BGS) surprised analysts by $0.02 per share when they posted earnings of $0.22 per share for the quarter (excluding one time charges). Today, the stock responded by gaining 3.4% to close the day at $10.30. Since B&G Foods became a public company in October of 2004 it has strung together 5 consecutive years of net sales growth through 2009. Based on the results of the first quarter, 2010 is likely to become the sixth straight year of increasing net sales.
B&G basically buys brands from other food companies and distributes the products for sales in various stores. Some of B&G’s most famous trademarked brands it has rights to include: Ortega, Cream of Wheat, Grandma’s molasses, and B&M baked bean products. Historically, the food product industry has been a very stable, slow and steady growth industry. Of course, B&G Foods has the opportunity to grow its sales by purchasing more brands to add to its portfolio.
Even with slow and steady growth likely for B&G, a dividend yield of 6.7% should attract the attention of many investors. Currently, B&G Foods has a quarterly dividend payment of $0.17 per share for an annualized dividend of $0.68. While the number itself doesn’t sound like much, it is a nice dividend for a stock trading at around $10 per share.
Normally, I am not a big fan of having to issue more stock, but B&G Foods was able to reduce its long term debt load as well as restructure a major portion of its remaining debt through the issuance of 11.5 million new shares. It is always a difficult decision for a company to decide when to issue stock and reduce debt. Company debt is a cost in the form of interest, but issuing stock dilutes current shareholders and potentially costs shareholders more money if the shares are issued at a time when the company’s shares are trading at a low price.
For the time being, both old and new shareholders are happy with the stock trading very close to its 52 week high. For me, I am not expecting to see any spectacular growth from B&G Foods, but I do expect to be pleased with some slow and steady growth as well as the 6.7% dividend yield. However, don’t eat and drink up solely what I dish out, fill yourself up on some financial analysis of your own.
Mine Safety Appliances Company has done very well since being added to the Own Every Stock portfolio on February 5, 2010. I was fortunate to have purchased the shares in MSA stock at 22.93, close to its 52 week low. After being added to the portfolio, MSA has steadily marched upward earning an outstanding 32.7% total return based on today’s closing price of 30.15. After reviewing its annual report, I am optimistic about the future of Mine Safety Appliances Company as well.
Surprisingly to me, I am one of only 477 people to own MSA stock according to its 2009 annual report. Like many companies in 2009, Mine Safety’s net sales decreased from 1.13 billion dollars in 2008 to 990 million dollars last year. However, even with the lower revenue, a record $121 million in cash flow from operations was generated through strategic cost cuts. The $121 million in 2009 compares to the $59.8 million and $41.3 million in cash flow generated during the prior two years. The increased cash flow helped improved the company’s cash holding 11 million dollars to $62 million at year end. At the same time, long term debt was reduced from $94 million to $82 million from 2008 to 2009.
Mine Safety Appliances has a diverse presence around the world with 58% of its net sales coming from outside the United States. The company also has a well balanced product mix with its five main product categories (head protection, gas detection instruments, supplied-air respirators, air-purifying respirators, and fall protection) all contributing between 14 to 24% of total sales.
With the growing emphasis on safety and corresponding tightening governmental regulations around the world, I expect Mine Safety Appliances Company to produce solid growth in the upcoming years. Throw in a solid dividend yield of over 3% and I believe you have a stock worth owning. However, for your own safety, conduct your own due diligence on the stock. Thanks for stopping by, hope you can make it back again soon.
Based on today’s closing prices, the Own Every Stock Portfolio has a current value of $12,187.93, for a total return of 6.20% since starting the project.
Unlike my last stock review, Abbott Laboratories (ABT) has a lot of positive attributes that point to a bright future for the company and its stock. Abbott is a diversified health care company that employees around 83,000 people. In the pharmaceuticals market, it has several strong revenue producing products as well as several other products developing well in its pipeline. A few non-prescription brand names of Abbott Laboratories you may be familiar with are Similac (the baby formula) and Ensure (the adult nutrition supplement). Another strong area for Abbott is vision care; both LASIK surgery and many cataract surgeries are developments of Abbott's technologies.
Now that you have a little background on the company, I will talk about some of its financial highlights. One of the best signs of steady growth is an increasing dividend and Abbott Laboratories has raised its dividend for 38 consecutive years. Its most recent dividend increase raised its quarterly dividend from $0.40 to $0.44 per quarter (a 10% increase). Based on its annualized dividend of $1.76 per share, ABT is current yielding around 3.5%.
Abbott Laboratories is a very well diversified company around the world. In fact, more of its net sales come from international markets than come from the U.S. market. Last year, 16.6 billion dollars in net sales were international while 14.2 billion dollars were from the United States. Even with the economic problems throughout the world, Abbott was able to increase its net sales by $1.2 billion from 2008 to 2009, an increase of 4% to $30.8 billion.
The strong sales results in a poor economy allowed Abbott’s cash position to more than double from 2008 to 2009. At the end of 2009, the company was holding around 8.8 billion dollars in cash. Look for ABT to continue to use this cash for strategic acquisitions to further grow its future sales. However, along with its cash increase, Abbott’s long term debt also grew from $8.7 billion to $11.2 billion from 2008 to 2009. Unless its debt grows substantially, I wouldn’t be too concerned about its debt at these levels. Abbott Laboratories still produces a very good cash flow and has a strong overall cash position.
The Own Every Stock portfolio added Abbott Laboratories to its holdings on August 13, 2009. Since that time, ABT has earned a total return of 20.6% based on the closing price on Friday. I expect the future to continue to bring strong results for Abbott Laboratories and its stock. However, keep in mind that unlike LASIK patients, my vision can be blurry, so it can’t hurt to review things with your own eyes.
Masco Corporation (MAS) was added to the Own Every Stock Portfolio on May 28, 2008. Currently, the stock has earned a total return of 2.57% since being added to the portfolio. However, I feel very lucky to be in positive territory on Masco's stock after reviewing its latest annual report. While I can manage to find a couple positive signs, the overall trend of the company has been unsettling, to say the least.
Probably the biggest factor in Masco Corporation’s recent problems has been a direct result of the collapse of the housing market. Masco is a large producer of household products such as faucets, cabinets, windows, decorative products and other miscellaneous building products. Masco’s ability to generate revenue is closely tied to the home improvement stores. In fact, 26% of Masco’s net sales were from Home Depot in 2009. As a result of the heavy correlation with the home improvement industry, Masco’s net sales have fallen each of the last 3 years, from a high of $12.4 billion in 2006 to $7.8 billion in 2009.
With a 37% decline in sales over 3 years, it is not a big surprise that the company also had to cut its dividend. In 2008, when MAS was added to the portfolio, the annualized dividend was $0.94 per share. In 2009, the quarterly dividend was cut to $0.075 per share or an annualized dividend of $0.30 per share (a dividend cut of 68%, OUCH). At least the stock buyback program was able to keep the outstanding common shares stable. Basically, the 2 million shares Masco repurchased in 2009 offset the options and shares awarded to employees and directors.
On the positive side, the company has managed to improve its cash position by 400 million dollars over the last year while still lowering its long term debt slightly. However, it still has a ways to go before I would consider the stock in “good shape” moving forward. By any metric, the stock has performed miserably over the past 5 years. If you had invested in the stock at the end of 2004, you would have less than half of your original investment at the end of 2009. Therefore, I feel lucky to be supporting a small gain on my Masco position.
Moving forward, I don’t expect too much from Masco. The company will probably continue to show some signs of improvement, but until there is a true recovery in the housing market, it will be difficult for Masco to greatly improve its sales and profitability. Either way it will continue to sit in the Own Every Stock Portfolio waiting for better times. However, maybe you will have a different view and opinion of the future of Masco after reviewing the financials yourself.