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To DRIP or Not to DRIP
2007-11-22 15:58:00
I have recently decided to enroll in the DRIP of many of my holdings. For those of you that have followed this blog for a while you?ll know that this is contrary to the opinion I had in March of 2007. However, before I?m labeled hypocritical (or possibly fickle) let me plead my case and explain the rational behind enrolling some of my positions.My portfolio is now at the point where I won?t be adding many more new names as I plan on only holding between 20 and 25 securities. I believe that 20 to 25 holding will provide me with adequate diversification as well as allow me to keep informed on the names I own. As I?ll only be adding between 3 and 8 more positions I will be concentrating on increasing the amount invested in each of my holdings so I?ve decided that DRIPs would be the most effective method to do that as it would become burdensome and not very cost efficient to make 17 to 25 small additional purchases each year. I have chosen to exclude both TD and CSH.UN from the DRIP sim...
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Bell Aliant (BA.UN)
2007-11-21 01:05:00
I recently took the opportunity to sell (commission free) my very small amount of BA.UN. I was able to do this through Bell Aliants ?Small Unitholder Selling Program?. Bell has decided to allow unitholders who own less than 100 units to ?sell all, but not less than all, of their Units without incurring brokerage charges.? You might be wondering why BA.UN would go out of their way and absorb the cost of this initiative...well the answer is easy, money. Bell is anticipating that this initiative will save them money by reduce the administrative burden and cost associated with having so many unitholders. It takes the same amount of administrative resources to issue distributions, annual report etc...to a unitholder with 5 units as it does to one with 200. Well your next question might be ?who would buy only 5 units of BA.UN?? well...the answer is nobody. However, thousands and thousands of BCE shareholders were issued units of BA.UN when it was spun off last year. If I remember correctl...

Questrade ? Recently Closed My Account
2007-11-16 18:36:00
I?ve recently closed my Questrade account for a few reasons. The first and most important one is that my big bank now offers me the same commission rates as Questrade in addition to all the other great features that Questrade lacks. Additionally, I?ve been very unimpressed with their customer service. I?ve only called fours times however, each time I felt very rushed by the representative and on one occasion they would not stay on the phone to verify that I could indeed login again and I was told to call back if it didn?t work. That wouldn?t normally bother me except that it took nearly 30mins to talk to a rep in the first place. Additionally, on their website they claim that it?s 1-2 days for an electronic funds transfer from Questrade to your bank account. However, my experience is that it takes approximately a week. After waiting on the phone for about 30mins I was told that it was 1-2 business days after it?s processed at Questrade but there was no guarantee on the processing ti...
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Dividend Growing Stocks VII ? Walmart (WMT)
2007-11-13 13:33:00
?Wal-Mart Stores, Inc. is the world's largest retailer. They are engaged in the operation of mass merchandising stores, which serve their customers primarily through the operation of three segments, which are the Wal-Mart Stores segment, the SAM'S Club segment and the International segment.?-Current PE ? 15X-2008 Estimated PE ? 14.3X-2009 Estimated PE ? 12.9-ROE ? 21%-ROI ? 13%-Current Yield ? 1.95% -5 Year Average Yield ? 1%-Dividend s Paid Since 1973-Current Payout Ratio ? 26%-5 Year Historical Payout Ratio ? 21%-3 year dividend growth rate - 14.63 %-5 year dividend growth rate ? 20.80%-22% of their revenue is from international operationsLike many other large caps the earnings have been growing while the share price remains relatively stable and over the last 10 years WMT has been seen it?s PE contract from 28X to 15X.I don?t currently own WMT however it is one I would eventually like to add to my portfolio.
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25 Stocks to Avoid
2007-11-09 14:15:00
I recently read an article by Jon Markman over at MSN Money Central. In his article he explains his rational for avoiding the following 25 stocks.To read the entire article please click here.25 COMPANYS JON MARKMAN SAYS TO AVOID1. Merrill Lynch (MER, news, msgs)2. Lehman Bros. (LEH)3. Bear Stearns (BSC)4. Bank of America (BAC)5. Citigroup (C)6. Washington Mutual (WM)7. KeyCorp (KEY)8. Wachovia (WB)9. Moody's (MCO)10. McGraw-Hill (MHP)11. YRC Worldwide (YRCW) 12. JB Hunt Transport Services (JBHT)13. Con-Way (CNW)14. Knight Transportation (KNX)15. Old Dominion Freight Line (ODFL)16. McClatchy (MNI, news, msgs)17. The New York Times (NYT)18. Gannett (GCI)19. Arctic Cat (ACAT)20. Bed Bath and Beyond (BBBY)21. Williams-Sonoma (WSM)22. La-Z-Boy (LZB)23. Stanley Furniture (STLY)24. Bassett Furniture Industries (BSET)25. News Corp. (NWS) Of course you should do your own research as it's been my experience that the best buying opportunities are often when everyone else says don't buy (how...
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PFIZER (PFE)
2007-11-08 14:02:00
For those of you that track my portfolio and keep me honest during my monthly nest egg updates (thank you)...and...I forgot to mention that I topped up my position in PFE last week bringing it back to approximately 5% of my portfolio.
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Citi Group ? C
2007-11-07 13:47:00
I initiated a half position in C on Monday and plan on holding this name indefinitely.?Citi group is organized into four major business groups: Global Consumer; Markets and Banking (M&B); GlobalWealth Management; and Alternative Investments. The Citigroup Global Consumer business includes banking services, credit cards, loans and insurance. The M&B business is in about 100 countries and advises companies, governments, and institutional investors on the best way to realize their strategic objectives. The GlobalWealth Management division at Citigroup is comprised of The Citigroup Private Bank, Smith Barney (private wealth management), and Citigroup Investment Research,and serves both private and institutional clients.?Here are my reasons for buying:-I don?t believe that the dividend will be cut. -As a general rule I?ve found that the best time to buy large multinational blue chips is when everyone else hates them.-S&P credit rating = AA (second highest rating)-Moodys credit rating = Aa...
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ZED - Sold & Lesson Learned
2007-11-05 13:31:00
I recently sold my position in ZED for about a 30% loss. If you?ve been following this blog for any length of time you?ll know that ZED accounts for only 0.4% of my portfolio so selling at a 30% loss will certainly not affect my portfolio in any meaningful way. However, my brief foray into speculative, cyclical, micro-caps has taught me a couple valuable lessons.1.I should stick to large companies that I?m able to properly analyze. Before buying ZED I used the same techniques that I use for large caps. However, with small caps the earnings are often much more volatile and the accuracy of earning estimates is often low as there are usually very few analysts following each name.2.I have been developing and using a value oriented dividend growth based investment strategy for the past 8 years that has been working successfully for me. I should stick with what I know and continue to invest in what I?m comfortable and successful at.
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Retirement Nest Egg at the Close of Oct 31, 2007
2007-11-02 16:15:00
-down 1% from last month-up 7.6% in 2007-CDN 69%-U.S. 27%-International 4%TRP - 4.52%CSH.UN - 5.08%GWO - 5.23%PFE - 3.49%POW - 4.55%BA.UN - 0.41%WAG - 3.52%L - 3.69%UNS - 2.88%GZ - 2.41%TD - 13.9%EIT.UN - 2.75%JNJ - 5.49%MMM - 3.68%ATD.B - 3.83%O'Shaughnessy?s Global - 3.97%American Growth Fund - 0.96%CDN Value Fund - 3.74%Small Cap Growth Fund - 4.4%Chou Associates Fund - 10.15%Money Market Fund - 11.37%No huge changes from last month. I initiated a position in WAG and unloaded ZED for a loss which I?ll talk about more on Monday. The decrease in my portfolio is largely due to the weakness of the US dollar. I?ll also start including the amount of Canadian, American and International exposure that I have for each network update. I?m currently sitting with about 11% of my portfolio in cash and am watching quite a few stocks but am closely watching C,BAC, TOC, IIC, BMO, WMT as well as opportunities to add to my existing positions on weakness.
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Government Sued Over Income Trusts
2007-10-31 14:30:00
I came across an article by John Partridge while doing my daily read on Globe Investor and thought that it was worth sharing.SYNOPSIS:A U.S. couple is currently in the process of suing the Canadian government claiming that the 2006 unexpected changes to the income trust tax laws are in breach of the NAFTA agreement.To read the entire article please follow this link.
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U.S Housing
2007-10-30 15:23:00
Ok so Buffet and many other deep value investors are starting to re-enter the housing market and some of you want to go against the herd and follow Buffets lead (and why wouldn?t you Buffet is the most successful investor of all time)...but which housing companies are going to survive? Which are going to fail? Which are going to thrive? There are some great companies out there that are certainly going to survive ie- HOME DEPOT, LOWES etc?However, are those companies going to thrive? What about builders? Which ones are going to continue to thrive? If you?re like everyone else out there you don?t know the answer to those questions (and neither do I). However, if you?re confident in the sector but not necessarily in the individual names of the sector you might want to check out the SPDR Homebuilders ETF.?The SPDR Homebuilders ETF seeks to replicate as closely as possible, before expenses, the performance of an index derived from the homebuilding segment of a U.S. total market composite...
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Time to Get Back Into Housing? Buffet Thinks So
2007-10-26 17:50:00
The U.S. housing sector is a mess, everyone?s waiting for the next shoe to drop in the whole sub prime fiasco and all the analysts are advising clients to avoid the sector. You?d have to be crazy to invest in the U.S housing sector right now? right? Well maybe not, last month Warren Buffet raised $750 million through a debt offering for Clayton Homes, which ?builds, sells, finances, leases, and insures manufactured and modular homes as well as re-locatable commercial and educational buildings.?Other successful investors initiating positions in the housing market include:Robert RobottiRobert Rodriguez
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Natural Gas ? II
2007-10-23 17:20:00
Here?s a little more detail on the factors that effect natural gas prices.WeatherThe demand for natural gas usually peaks sometime between November and March. This of course depends on how cold the temperature gets as natural gas is the main input for heating North American homes. Likewise, the demand for natural gas increases in the summer when everyone starts turning on their air conditioners. The price of natural gas is also influenced by catastrophic weather events ie- hurricanes. If you?ve ever watched your local weather forecast you know that the weather can?t be accurately predicted (especially the long term forecast) so although we know that weather affects the price of natural gas we can?t predict when. However, it is safe to assume that at some point there will be either a vicious hot/cold snap or major hurricane and gas prices will spike (which is when they should be dumped)DemographicsWell this one is obvious...the more people that need to heat/cool their house the grea...
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Chartwell Seniors Housing - CSH.UN
2007-10-19 15:02:00
I?ll continue on the natural gas theme next week?in the meantime. I increased my position in Char twells Senior Housing yesterday bringing CSH.UN up to just over 5% of my portfolio. ?Chartwell is a growth-oriented investment trust owning and managing a complete spectrum of seniors housing communities. It is the largest participant in the Canadian seniors housing business and the third largest in North America. Chartwell will capitalize on the strong demographic trends present in its markets to grow internally and through accretive acquisitions. Chartwell also has an exclusive option to purchase stabilized communities from Spectrum, Canada's largest and fastest growing seniors housing development company.?-The company is well positioned to capitalize on the aging North American demographic-They have a significant presence in the higher margin category of retirement homes (ie-retired wealthy people)-I?ve recently talked to a few people who have just placed their parents in a Chartwell...
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Natural Gas
2007-10-18 14:40:00
I have been recently doing some research and speaking with a mining engineer friend of mine about natural gas and its prospects as an investment going forward. I?m in the process of developing a general strategy for investing in natural gas. As many of you probably know natural gas prices have been depressed while oil and other resources have been enjoying a boom. This point is be painfully clear if you are one of the many investors that have a gas stock or two tucked away in your portfolio?as many of them have literally been cut in half ie ? CMT, GZ, GNY Now it?s not all bad news. The good news is that because natural gas prices are so low many companies have either greatly reduced (or stopped) their drilling levels. Despite this fact there has been no movement in gas prices, why? Well the reason is simple we still have a ton of the stuff in reserve so there hasn?t been any pressures on the supply side?yet?but what happens when those reserves start to diminish? Well the answer?s ob...
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Steps to Early Retirement
2007-10-15 14:35:00
There is certainly no shortage of opinions on the steps to early retirement. In this post I?m going to outline the steps that I will be following and feel are necessary to successfully retire early. Step 1Realizing that you Actually Need a Retirement Plan ? this sounds simple but it?s amazing how many people don?t have a real retirement strategy. Many people save for retirement but have no idea how they are doing or how close they are to retirement. I?ve talked to people who?s ?retirement strategy? is to work until 60 and then retire?but they have no idea of how much money they?ll need at 60, how much they?ll be receiving or how much they should be saving or investing. I think ?Realizing that you Actually Need a Retirement Plan? is the most important but often overlooked step in many people's retirement journey.Step 2Now that you know you need a real retirement plan you need to determine exactly how much money you?ll need each month and then add 10% to that number as a safety cushi...
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Loblaws
2007-10-12 15:12:00
The Money Gardener asked me a good question in the comments section of my blog but I thought I?d answer it as a post as I?ve recently received a few email regarding Loblaws."I am surprised that you still hold Loblaws. Are you in this name for the long term? What is your rationale for holding on to this dog?"Good question...I bought L with the intention of holding for the long term. However, my patience is starting to wane. Since I bought it has been disappointment after disappointment however, I am going to continue to hold and give them a chance to execute their strategy and get their supply chain issues sorted out. I still believe that L is the best CDN grocery retailer and has well respected brands in both the discount and upscale grocery market. Additionally, free cash flows are starting to increase and at 18X estimated 2007 earnings and 16X 2008 estimated earnings I don?t think the stock has a lot of downside from here as the valuations are getting reasonable. Additionally, t...

New Position - WAG
2007-10-11 18:10:00
I initiated a position in WAG yesterday. As many of you know I really like the company but just haven?t been able to pull the trigger based on valuation. However, that all changed 10 days ago when WAG missed earnings by $0.07 and the stock was hammered 15%. Despite the earnings miss I don?t think that anything has fundamentally changed with WAG and as far as I can tell the pricing environment is the same as it was before the miss. The recent correction has simply made a great company cheaper and I plan on being a very long term shareholder of the company.For further fundamental information on WAG please refer to the below posts:From My BlogInvesting Based on Demographics WAG-CVSFrom the Money Gardeners Blog:Who said Drugstore Stocks Were Boring (Disclaimer: I?m not your boss or your spouse so do you own research and make your opinions on when to buy or sell. Nothing I say should be bastardized or construed in any way to be advice.)
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Retirement Nest Egg at the Close of Oct 09, 2007
2007-10-10 14:57:00
-no change from last month-up 8.6% in 2007TRP ? 4.25%CSH.UN ? 2.90%GWO ? 5.05%PFE ? 3.7%POW ? 4.45%BA.UN ? 0.41%L ? 3.76%UNS ? 2.87%GZ ? 2.51%TD ? 14.02%EIT.UN ? 2.74%JNJ ? 5.69%MMM ? 4.15%ZED ? 0.44%ATD.B ? 3.7%O'Shaughnessy?s Global Fund ? 3.97%American Growth Fund ? 0.98%Canadian Value Fund ? 3.77%Small Cap Growth Fund ? 4.21%Chou Associates Fund ? 10.12%Money Market Fund ? 16.31%Last month was unusually active for me (although still quite boring by many peoples standards). I sold GO.A just before their 10% drop, took some profits in ABX (sold too early) and finally decided to unload an underperforming Health Science Fund that I?d purchased almost a decade ago before I really knew anything about investing. These transactions have left me with about 16% of my portfolio sitting in cash. This month I will probably be initiating a position in WAG and will continue to keep an eye on ATD.B, IPL.UN, IIC, TOC, GO.A
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Investing based on Demographics - Johnson & Johnson (JNJ)
2007-10-09 18:52:00
?Johns on & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional.?Dividend Yield: 2.6%Dividend Yield 5yr Avg: 1.9 %ROE levels of above 21% for the past 10 yearsCurrent P/E? 18Projected 2007 P/E ?16Projected 2008 P/E ? 154 Star rating from S&P - $74 one year targetArgus rates it a buy with a $76 one year targetOther information:-44 years of consistent dividend growth.-Dividends issued to shareowners every quarter since 1944. -Dividend raised each year for 44 consecutive years. -Sales have increased each year for 73 consecutive years.-Double digit Earnings increases for 21 consecutive years.-44% of sales outside of North AmericaTHESIS: JNJ sells hundreds of brand name products in the health care space. As the population ages they will increasingly be using more health care products and devices made b...
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Investing Based on Demographics - CLC.UN
2007-10-04 03:52:00
I'm still on vacation but managed to get connected with a 28.0 kbps modem (very very slow)...and for those of you that live in Canada have a great Thanksgiving.CML Health Care (CLC.UN) ?Provides laboratory testing services in Ontario and medical imaging services in five provinces across Canada through wholly owned CML Healthcare Inc.?Dividend Yield: 6.4%ROE: 19.91%PE: 14.6XEstimated 2007 PE: 13.3XEstimated 2008 PE: 12.85XTDNewcrest: Hold, $15.65 targetTHESIS: This one is easy, CLC.UN makes money whenever a medical test is sent to the lab. As the population ages more tests are done. CLC.UN is a virtually recession proof company, in an industry with high barriers to entry and rock solid cash flows that I definitely plan on adding to my portfolio in the future. This is another case where I love the company but don?t like the price. The only disadvantage I see with owning CLC.UN (other than valuation)is that many of their prices are regulated but the government which means they lose th...
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Investing Based on Demographics - SC
2007-09-28 14:08:00
Shoppers Drug Mart - SC?Provides pharmacy products and services through retail drug stores across Canada. The company licenses its drug stores to pharmacists or associates who operate a retail drug store at a specific location in Canada using the company's trademarks, Shoppers Drug Mart?Dividend Yield: 1.2%ROE: 16.53%PE: 26XEstimated 2007 PE: 24XEstimated 2008 PE: 21XTHESIS: the thesis behind this company is the same as WAG and CVS: older people take more drugs and fill more prescriptions. SC should also benefit from seniors buying more beauty items in an effort to keep looking young as well as more impulse items simply because they?ll be in the store more. SC is also now has cosmetic consultants that are placed right by the entrance of many of their stores to target older women who want to stay looking good. I think SC is a great company but would not be a buyer at these valuations.
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On Vacation
2007-09-26 16:43:00
I?ll be on vacation from tomorrow until October 9th. However, I?ll try get at least a few post in over that time period...so there?s no need to cancel your internet subscription and sell your computer.
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Thompson Corp. (TOC)
2007-09-24 15:23:00
I wanted to take another break from the demographics theme to talk a little bit about TOC."The Thom son Corporation is a leading global provider of integrated information-based solutions to business and professional customers. Thomson provides value-added information, with software tools and applications that help its customers make better decisions, faster. We serve professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare."Thompson Corp. is the kind of company I want to own and would fit perfectly into my conservative, dividend growth oriented portfolio. I?ve been watching TOC for a number of years and just haven?t been able to pull the trigger based solely on valuation. As you can see from the below numbers they do still appear expensive from both an earnings and cash flow perspective. However, I believe that their recent acquisition of Reuters could allow the company to capitalize on the synergies between the two companys and real...

Investing Based on Demographics ? DIS, RET.A
2007-09-20 14:22:00
Disney (DIS)I think everyone basically knows Disney...Mickey Mouse, Donald Duck etc? However there is a lot more to Disney than their famous classic characters. Although, their roots are certainly in animation they are now a massive international media company that operates in four major business units:1. Studio Entertainment - Pixar Animation Studios, Touchstone Pictures, Miramax Films2. Parks and Resorts ? 5 Disney Land resorts in 4 different countries, Disney Cruise Lines 3. Consumer Products ? Disney stores, largest publisher of childrens books4. Media Networks ? ABC, ESPN as well as a many broadcast, cable, radio, publishing and Internet businesses I?ve listed some of the brands in each of the 4 categories but to view their entire holdings please follow this link.Dividend Yield:0.9%Dividend Yield 5yr Avg: 1.0%ROE: 14.27%ROI: 10.45%PE: 16XEstimated 2007 PE: 18XEstimated 2008 PE: 16.3XS&P Rating: 5 stars, strong buy, $45 price targetArgus Rating: buy, $41 price targetTHESIS: A fe...
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Home Renovations Update III
2007-09-19 13:26:00
I thought I?d take a break from the ?Investing Based on Demographics? theme for a day to give a quick update on my home renovations (as a couple of people have emailed me wondering how they're progressing). Basically, I haven?t really done much since my last update in July. However, this weekend I primed and applied the first two coats of melamine paint to our outdated kitchen cabinet doors. Three more coats will result in us having updated, new looking kitchen cabinets. The total cost for this project will be:Melamine Paint: $80New Hardware: $110 (estimate)By simply painting our existing cabinets I?ve essentially saved 1 to 2 thousand dollars, as that?s what it would cost to replace the kitchen cabinet doors with brand new ones. As I?ve already spent $880 on home updates this will bring my total spent to $1070 leaving me $930 to spend on the remaining fix ups.
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Investing Based on Demographics - IGM, TROW
2007-09-17 14:39:00
IGM Financial (IGM)?Provides financial products and financial planning services to individuals and corporations, including the sale of mutual funds, investment certificates and insurance programs. Also offers trust and management services to mutual and pension funds. ?Other Fact:-Canada's largest independent mutual fund.-Owned by PWF (Power Financial) which in turn is owned by POW (Power Corp) which is controlled by the Desmarais family.-Over $123 billion in total assets under management.-Over $110 billion in mutual fund assets under management.Dividend Yield: 3.6%-20.1% average compounded annual dividend growth over the last 10 yearsROE: 21.39%PE: 16.8XEstimated 2007 PE: 15.97XEstimated 2008 PE: 13.69XTDNewcrest: Buy, $64 target-17.7% average compounded annual EPS growth over the last 10 yearsTHESIS: As the population ages they?ll increasingly start to put funds aside for retirement. As IGM is the largest mutual fund company in Canada they?ll certainly start to see their share of ...
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Investing Based on Demographics - SMG & FO
2007-09-14 18:13:00
The Scotts Miracle Gro Company (SMG)?The Scotts Miracle-Gro Company is the world's leading lawn and garden company with trusted brands in every category in which we compete?Dividend Yield: 1.14%ROE: 13.9%ROI: 25.89%PE: 25XEstimated 2007 PE: 18.47XEstimated 2008 PE: 16.35XS&P Rating: 3 stars, Hold, $46 target priceTHESIS: The consumer lawn and garden industry is now one of the worlds leading outdoor leisure activities and is currently around a $7 billion global business. As the population ages they will be home more and presumably be spending more time and therefore money on their lawn and gardens. The only flaw that I can see with this thesis is the fact that there is a push in many of the industrialized countries to limit or ban herbicides/fertilizers and most other chemicals used to beautify lawns.Fortune Brands (FO)?Fortune Brands is a leading consumer brands company sharply focused on shareholder value. With our foundation of powerful and trusted consumer brands, industry-leadi...
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Investing Based on Demographics - WAG, CVS
2007-09-13 15:17:00
Walgreens (WAG)?Walgreen Co., based in Deerfield, Illinois, filled 529 million prescriptions in fiscal 2006, and pharmacy business accounted for 64.3% of its $47.4 billion in sales. Walgreen also sells over-the-counter medicines which accounted for 11% of sales, as well as general merchandise (which accounted for about 25% of sales), ranging from digital photos to pinto beans. The company's Walgreen's Health Initiatives business manages pharmacy benefit plans for companies and other organizations. As of the end of, August, Walgreen operated 5,992 drugstores in 48 U.S. states and Puerto Rico.?Dividend Yield: 0.86%ROE: 19.88%ROI: 18.68%PE: 21.6XEstimated 2007 PE: 21.3XEstimated 2008 PE: 18.87XS&P Rating: 5 Stars, Strong Buy, $56 price targetArgus Rating:Buy $53 price target-paid a dividend for 299 straight quarters -raised its dividend for 32 consecutive years.THESIS: the thesis behind this company is obvious: older people take more drugs and fill more prescriptions. WAG should als...
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Investing Based On Demographics
2007-09-12 15:13:00
Ok it took a while for me to post it...but here is the compiled list of companies that should benefit from the aging of the North American population. During the rest of the week (and possibly into next week) I?ll provide a brief description of each name as well as a few of the ?vital stats? on each. I?d also just like to thank nurse,b and the MoneyGardner who contributed many of the names. Walgreens (WAG)CVS Caremark Corporation (CVS)The Scotts Miracle Gro Company (SMG)Fortune Brands (FO)IGM Financial (IGM)T. Rowe Price Group Inc. (TROW)Disney (DIS)Reitmans (RET.A)Chartwells Seniors Housing (CSH.UN) Shoppers Drug Mart (SC) CML Health Care (CLC.UN) Johnson & Johnson (JNJ) Teva Pharmaceutical (TEVA)Allergan, Inc. (AGN)Rite Aid Corp. (RAD)Pfizer (PFE)Glaxo (GSK)Callaway Golf (ELY)National Dentex (NADX) Baxter (BAX) Haemonetics (HAE) Kimberly Clark (KMB)
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