It has been about nine months since I first started this blog. When I first started, my goal was to write about something I liked and share it with the Internet community. I would have been happy if just one person found something worthwhile in my ramblings. However, we passed an important milestone in the Dividend Investing Blog this week. We have finally broken the century mark for subscribers to the feed. I want to thank all the loyal readers. I’m looking forward to the next one hundred subscribers.
The news over the past week has been pretty good. Hurricane Gustav spared most of lower Louisiana and the oil platforms in the Gulf which helped drive oil prices down. I guess T. Boone Pickens is probably a little nervous about his prediction at this point. I wonder why he would say such a thing in the first place. Hmmmmm.
The dollar has continued to gain strength and the financials have showed some life. Our old friend Regions Financial was up 19% yesterday after they assumed $900 million in deposits from Integrity Bank due to insolvency. I continue to believe in Regions despite its 51% slump. I still say the beating has gone on too long.
The Thoroughbred Folio made a nice bump this last week as the market gained some strength. The real surprise at the front of our folio is Family Dollar (FDO). The company continues to perform well and is challenging Rohm and Haas (ROH) for the lead this week. FDO overtook WM Wrigley (WWY) for the second spot. Rohm and Haas paid a dividend this week, as did Pfizer (PFE).
As I mentioned, Regions Financial (RF) had a very good week with a 19% jump yesterday. However, this was still not enough to pull it off the bottom. Gannett (GCI) had better watch out as the gap has narrowed and the much maligned news giant is preparing to fall to the bottom as Regions gains strength. KeyCorp (KEY) is keeping it real with a solid third spot at the bottom, showing just how bad this year has been for the banking sector in our folio.
Thoroughbred Performance (Week 37 of 52): $-150.68 (-5.02%) Dividends To Date: $62.56
Top 3 Stocks
- Rohm and Haas $28.86 (38.48%)
- Family Dollar $27.04 (36.05%)
- WM Wrigley $24.69 (32.93%)
Bottom 3 Stocks
- Regions Financial $-38.47 (-51.30%)
- Gannett $-36.05 (-48.07%)
- KeyCorp $-30.64 (-40.85%)
Stocks used in this post:
- (FDO: 25.07, 0.00%, Yield: 1.95%)
- (GCI: 6.09, 0.00%, Yield: 26.27%)
- (KEY: 6.91, 0.00%, Yield: 18.86%)
- (PFE: 14.45, 0.00%, Yield: 8.86%)
- (RF: 7.66, 0.00%, Yield: 16.19%)
- (ROH: 71.25, 0.00%, Yield: 2.25%)
- (WWY: 0.00, N/A, Yield: N/A%)
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