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Loading ...I signed into my Sharebuilder account today. I noticed that my moneymarket fund was quite a bit higher than normal, so I had to investigate. I immediately thought that another of my stocks went private and bought me out (because it has happened twice this year already). With this in mind, I went through my recent transaction history and found I had a “special dividend” from Palm . . . which I originally bought as Handspring stock back in 2001.
I held onto the Handspring stock even when it plummeted to two dollar lows before being purchased by Palm and bringing the value back to a respectable range . . . I just digressed, didn’t I?
Anywho, I did a little research and it appears that someone wants me to be smaller so they can have a bigger piece of the Palm pie (wow, that sounds bad).
But anywho, long story short, I have some extra cash in my money market account. I have a rule that all the money that goes into my Sharebuilder account stays there. So that gives me two options: leave it in the money market account or buy more stock.
I’m looking for stock suggestions. Here’s my main rules on stocks I like to buy (but I can be convinced to stray from them):
- I like restaurant stocks (like Darden, IHOP and YUM)
- I typically like them to be $10 or less per share with good potential to increase (I’m really big on Sirius Satellite Radio and may just use the extra cash there)
- Must issue dividends (because I always reinvest them)
- I like the companies I invest in to offer products or services I can/do use - learned that from my grandparents
- I’ve been burned on many “tech” stocks and really don’t trust most of them (Apple being the lone exception)
So there you have it. Any suggestions? (btw: let me know if you are interested in a Sharebuilder account . . . we can both get some extra investing cash!)
Tags: stocks, dividends, investing, investments, advice, Sharebuilder, Palm,
Chad Gramling is a baseball loving author, Christian and family man. WordUp is his platform for discussing what's on his mind, his publishing endeavors and pretty much anything else.
Horaayy..there are 3 comment(s) for me so far ;)
Ruby Tuesday Inc (RT - $13ish) is very close to it’s 52 week low. It has lost almost %50 of it’s value over the last 12 months probably because of similar competition. It certainly looks like it could be a takeover target if it drops much lower. *shrug* It has a dividend yield of 3.55% too.
Well, these aren’t restaurants, but they are kind of related:
Coca Cola (Coke - $56ish) is trading at about 15% above it’s 52 week low so it fits the “value” angle. And it has a dividend yield of 1.82% which isn’t too bad either.
HJ Heinz (HNZ - $45ish) isn’t exactly a value pick as it’s floating right between it’s 52 week high and low. However, it does have a 3% dividend yield.
And, since I’m living in Canada now:
Maple Leaf Foods (MLFNF - $13ish) fits your low cost per share requirement and has a pretty good dividend yield at 1.21%.
After scrolling back up to the top of your blog, I couldn’t help but recommend the company that is responsible for Franken Berry, Boo Berry and Count Chocula.
General Mills (GIS - $56ish) is trading very close to its 52 week low and has a high yield dividend at 2.77%.
By the way, those are sweet bobble heads. No pun intended.
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