Weekly Bargain Bin Blue Chips Update Q2 Week 9Pop1499 views 2012-06-02 10:32 Tags: blue chip dividend bargain bin
Bue chip stock (my def.) = minimum market cap 1B + minimum 10 continuous years of dividends.
The DJI closed at 12,118.57 today, down -2.70% from last Friday's close. The Dow is now up +82.89% from its 5-year low on March 6, 2009 and down -9.15% from its recent high of 13,338.66 on May 1.
For consistency's sake I am getting price/book ratio from Yahoo.finance from now on. Their values are derived from the most recent quarter's balance sheet.
Yahoo.finance book value per share formula = Total Common Equity / Total Common Shares Outstanding
Bargain Bin Blue Chip Stocks
The following blue chip stocks deserve honorable mention for their proximity to 0.5X book value.