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Cornelius Chan Blog

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Weekly Bargain Bin Blue Chips Update Q3 Week 2

180 views  2012-07-15 23:45   Tagsblue  chip  dividend  bargain  bin 

Blue Chip Stock (my def.) = Minimum market cap 1B + Minimum 10 continuous years of dividends.
Market Price = Book Value + Premium for future growth.

The Dow closed at 12,777.09 today, up +0.04% from last week. The DJIA is up +92.81% from its 5-year low on March 6, 2009 and down -4.21% from its post '09 high of 13,338.66 on May 1.

The following blue chip stocks deserve honorable mention for their proximity to 0.5X book value. This week's list contains 6 stocks from the Americas, 14 from Asia and 11 from Europe. Of these, 12 are within the 0.5 range of p/b ratio: HNP, HLDCY, SWRAY, MTU, NTT, SHCAY, SNE, DEG, NOK, STM, SAN and REPYY. The three new stocks to fall into a p/b ratio of less than 0.6 are Swire Pacific, Sharp and Banco Santander, representing a 50% gain from last week and 39% of the total number of blue chip bargain bin'ners.

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