|
|
||||||||
|
|
||||||||
|
||||||||
|
(FOOL GLOBAL WIRE) LEXINGTON, KY. (October 14): It was a record breaking day as the major indices all topped their previous highs, including the Dow even closing above 6,000 for the first time. Yet little company-specific news crossed the wires for our Investing For Growth holdings.
The one exception was the announcement by COCA-COLA <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:KO)") else Response.Write("(NYSE:KO)") end if %> that it has changed the name of its Foods division to the Minute Maid Company as part of the effort to reorganize the fruit juice company. Also part of the process is the introduction of a new juice dispensing system and the re-entry of Minute Maid into South Africa after a 10-year absence.
Despite the lack of news, there was plenty to cheer about for our holdings. ADC TELECOM <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ADCT)") else Response.Write("(NASDAQ:ADCT)") end if %>, NAUTICA ENTERPRISES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NAUT)") else Response.Write("(NASDAQ:NAUT)") end if %>, NIKE <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:NKE)") else Response.Write("(NYSE:NKE)") end if %>, SCI SYSTEMS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:SCIS)") else Response.Write("(NASDAQ:SCIS)") end if %>, and TELLABS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> all recorded fine gains for the session.
For those of you anxiously awaiting my back-testing of the Unemotional Growth model, those results are in. Today's Fribble summarizes the approach again and lays out the details of the model results from August of 1986 through the beginning of this month.
In short, the 5-stock model grew at a compound annual rate of 40.6% for the last ten years and two months while the 10-stock model grew at 31.7%. During the same ten-year period, the original Investing For Growth model grew at approximately 22% per year. For details, take a peek at today's Fribble.
Tonight is the sixth installment in our Investing Foolishly Live series. So join us in the Coliseum at 9:00 (eastern) for a discussion and question period on the Dow Dividend Approach. See you there.
Transmitted: 10/14/96 |
||||||||
|
||||||||
|
||||||||
|
All Rights Reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool, Inc. |
||||||||