Some books of interest where I find ideas for the class company analysis projects:
The
Dividend Rich Investor (Joseph Tigue, Joseph Lisanti)- main
idea -> lots of tables of stocks which increase
dividends. Pushes the idea that stocks with
increasing dividend will always outperform bonds over time and
thus are the best place for your money. Interestingly,
INTEL (a growth stock with minimal dividends) shows up on the
list because even though the dividends are small they are
increasing and as "2 for 1" stock splits occur the
company will lower the dividend but does not chop it in
half. A very conservative, easy reading book.
Rich Dad, Poor Dad (Robert Kiyosaki) - main idea -> don't spend money, control your propensity to consume, to have money save money.
A Random
Walk Down Wall Street (Burton Gordon Malkiel) - main idea
-> nobody knows what to do - "experts" are only
guessing and they brag when something goes right, the best place
for your money is an index fund. The author wrote this book
about 30 years ago and has updated 6 times with the latest
edition talking about the Internet bubble we just went through.
Beating the Street (Peter Lynch) - main idea -> individual
investors buying individual stocks have more control and do
better. Buy and hold.
The Best 100 Stocks for 2001 (John Slatter) -
main idea -> stocks are the best way to accumulate
money. His stocks are the common big ones - INTEL,
AT&T, etc. I have seen other lists of best that were
companies I had never heard of. Buy and hold. Some
companies in this text were used for the class stock analysis
project in Spring 2001.
DOW 36,000
(James K. Glassman, Kevin A. Hassett) - main idea -> stock
prices are too low or price/earning ratios are not as high as
they should be (should be about 100). Main theory is that
history shows stocks as NOT risky over time and should not have a
"risk premium". The idea is controversial BUT if
you look at a DOW at 12,000 (it's around 11,000 today) and assume
it can double in 5 years (15% gain per year). It could be
at 24,000 in 2005 and 48,000 in 2010. A DOW at 36,000 does
not seem unreasonable (rosy glasses maybe). But remember
the DOW was about 1,500 at the bottom of 1987 and about 6,000 in
1996. The text looks at companies with rising EPS and
rising dividends. Some companies highlighted are Microsoft
and Tootsie Roll. The idea continues the theme worked on in the
Dividend Rich Investor of looking for companies with increasing
dividends.
Rich Kid, Smart Kid (Robert Kiyosaki) -> some ideas from previous books, thoughts on education.
Quest for the Pillars of Wealth
(J. J. Pritchard) - main idea -> three main points: save,
invest, long term. Written as an adventure tale for children.
Handbook of Dividend Achievers (1999 edition) by Brad A.
Armbruster (Editor), Reggie D. Cain (Editor), Stacy M. Cleeland
(Editor), Kevin B. Heckert (Editor) - Mergent (Moody's) publisher
- historical data on over 300 companies that had increased
dividends over the last 10 years. Companies in this text were
used for the class stock analysis project for Fall 2001.
Mergent's
Dividend Achievers (2001 edition). Historical data on 289
companies that had increased dividends over the last 10 years.
Companies in this text were used for the class stock analysis
project for Spring 2002.
Mergent's Dividend Achievers (Fall 2003 edition). Historical
data on 284 companies that had increased dividends over the last
10 years. Companies in this text were used for the class stock
analysis project for Winterim 2004 and Spring 2004.
Buying Stocks Without a Broker (Charles
Carlson) -> main idea is to pruchase stocks directly through a
company bypassing brokerage costs. Stocks a rated by a star
system. Some of these companies were used for the class stock
analysis project in Fall 1999.
Magazine by
NAIC -> main idea - stock investment clubs. Some of the
companies featured have been used for the class stock analysis
project. The companies listed in the October 2002 edition were
used by the Fall 2002 class for their projects.
The
100 Best Stocks to own in America (Gene Walden) Some of
these companies have been used for the class stock analysis
projects.
No-Load Stocks (Charles Carlson) -> main idea is to
pruchase stocks directly through a company bypassing brokerage
costs. Stocks a rated by a star system. Some of these companies
have been used for the class stock analysis projects.
The Best 100 Stocks for 2004 (John Slatter)
- main idea -> stocks are the best way to accumulate
money. This is a series and I picked stocks that were
"new to this edition". Many of these stocks deal with
publishing and food service. Some companies in this text were
used for the class stock analysis project in Fall 2003.
With a list of 30 stocks. Most are the usual big name companies -
Mobil, Merck. But some are mining companies - De Beers, Broken
Hill (BHP Billiton).
List of over
1,000 companies offering direct investment and /or divident
reinvestment plans. From "The MoneyPaper" or
"Temper of the Times". Companies listed here are often
used as research projects for the course.
The
Dividend Growth Investment Strategy (RuxAnn Klugman) -
Main Idea -> look for companies with dividends that double
every five years. Many comsumer companies are highlighted like
Coke and Pepsi, and Heinz and Hershey. Used for its company list
for Spring 2005. The text is out of date since it was published
before the year 2000 bubble burst, the ENRON-like scandles
developed, the accounting structure meltdown, and the attacks on
our culture on Septemeber 11, 2001. Even given this list, the
concepts included have longterm merit and we can evaluate the
selections with a five year historical perspective that has seen
horrific and historic events. Concepts in this text are similar
to themes in "The Dividend Rich Investor" listed above.
Also, the text gives a good writeup on annuities and using
Valueline for research.
Mergent's Dividend Achievers (Winter 2005 edition).
Historical data on 289 companies that had increased dividends
over the last 10 years. Companies in this text were used for the
class stock analysis project for Summer 2005.
Directory of Dividend Reinvestment Plans
- over 1,000 plans. Companies from this text were used during the
Fall 2005 for research projects. Companies chosen were screened
for four or five star ratings by the author.
Morningstar report on stocks -
Morningstar normally reports on mutual funds but they just
started looking at stocks also. My Spring 2006 class used this
text for companies to evaluate.
Magazine
by NAIC June 2006 issue -> Group of companies from an
article used for the Summer 2006 class.
&
- Articles from
the October 2006 issues of these magazines were used to selective
companies to be researched. The Fall 2006 class used these
companies.
Dividend
Capture - discusses a technique that tries to maximize
dividend income. No company specific items are used. Offers an
interesting discussion on the mechanics of dividends.
A list of corporate sponsers for a local charity was used for the company selections for the Winterim session 2006-2007.
The
100 BEST Dividend-Paying Stocks To Own In America (Gene
Walden 2005). Similar text by this author have been used in the
past. The class of Spring 2007 is using this text for company
research. The group of companies chosen has the highest growth in
dividends - what the author calls "back to the future".
Beating
the S&P with Dividends (Peter O'Shea and Jonathan
Worrall - 2005). A text by the publisher Mergent who does the
quarterly "Dividend Achievers" texts. Rates companies
for thier dividend yield.
&
- articles from these publications were used to pick companies to
research for the Fall 2007 class.
The Single Best Investment (Lowell Miller,
2006). Looks at companies that incease their dividends. The class
of Spring 2008 is using companies noted in this text for
research.
The Best Dividend and Income
Investments (DOW Theory Forecasts, 3rd Quarter 2007).
Looks at companies with large dividends. Those over 4% were
picked for research for the Spring 2008 class. (It's a large
class and I needed more companies then the previous text
offered.)
The Ultimate Dividend Playbook
(Josh Peters, 2008). Looks at stocks with rising dividends and
how that impacts the price of the stock. To be used for the Fall
of 2008.
The
Dividend Connection (Geraldine Weiss & Gregory
Weiss, 1995). Looks at the effects of dividends on stock prices.
Shows suggested buying and selling points based on yield vs.
price. To be used for the Spring of 2009 - historial analysis.
Stay
Mad for Life - Get Rich, Stay Rich (Make Your Kids Even Richer) (Jim
Cramer with Cliff Mason). Interesting discussion on 401/k
options. Gives a list of his favorite stocks and mutual funds for
retirement. To be used for the Winter of 2008.
List of Transfer Agents and other information - For places to research companies.
Some places of interest for my class:
http://crab.rutgers.edu/~mchugh/taxstuff.htm