In all of the market turmoil of the last two years, it is interesting to note that three Dividend Achievers are above their 2007 highs. The three companies are:
- Lancaster Colony (LANC) 39 years of div. increases and within 6% of top
- Family Dollar (FDO) 32 years of div. increases and within 6% of top
- Ross Stores (ROST) 14 years of div. increases and within 7.84% of top
Not far behind are the following companies:This blog is being featured on www.condron.us, I hope you find this useful.
- Suburban Propane (SPH) 10 years of div. increases and within 18% of top
- Valspar (VAL) 30 years of div. increases and within 17% of top
One way to look at these stocks is that if you bought them at their prior highs then you have lost little or nothing during one of the worst bear markets in history.
Another way to look at these stocks is that they are the most likely sell candidates since it is clear that they are selling at relatively high levels. Ross Stores (ROST) has the most interesting chart pattern because it has gone down to the $23 level 5 times since 2004 at regular intervals and moved up from there. This might mean that ROST can be considered a buy candidate at $24 or a short sell candidate at the current level. I hope to be on top of ROST when and if it hits $24 again. Touc.
Another way to look at these stocks is that they are the most likely sell candidates since it is clear that they are selling at relatively high levels. Ross Stores (ROST) has the most interesting chart pattern because it has gone down to the $23 level 5 times since 2004 at regular intervals and moved up from there. This might mean that ROST can be considered a buy candidate at $24 or a short sell candidate at the current level. I hope to be on top of ROST when and if it hits $24 again. Touc.
