Tabell’s Market Letter – January 05, 1966

'Valston &- Co. / / INVESTMENT BANKERS MUTUAL FUNDS MUNICIPAL BONDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchange. OFFICES COAST TO COAST .A.NO OVERSEAS TABELL'S RECOMMENDED LIST January 5, 1966 . TI1i!redition' bf ou'i' Recommended List tallies the price performance of all recommended stocks over the past year. As usual, the list is divided into three categories Quality and Long Term Growth, Price Appreciation, and Speculative Price Appreciation. Included a t the bottom of the tabulation in each category are all stocks on the list on December 31, 1964 which were removed during the year 1965. Thus, the list below covers only stocks on our recommended list a year ago and all stocks recommended during the year. The first column shows the price as of December 31,1964, or on the date the stock was first recommended, if later. The second column shows the price on December 31,1965, or on the date removed if the stock is not now on the list. The third column shows the percentage change, and the fourth column shows the percentage change in the Dow-Jones Industrial Average during the same time period. The tabulation speaks for itself. In the Quality and Long Term Growth section the average appreciation is 6 vs. 9 for the Dow. In the Price Appreciation section the average appreciation is 25 vs. 9 for the Dow, and in the Speculative Price Appreciation section the average appreciation is 49 vs. 9 for the Dow. For the entire list taken as a whole the average appreciation is 29 vs. 9 for the Dow. These summaries are, of course, not meant to imply that such results could have been obtained by purchase of issues in the recommended list, or that similar results will be obtained by purchase in the future. Commissions are, of course, not included. QUALITY & LONG TERM GROWTH Price 12/31/64 or date Recom. Price 12/31/65 or date Removed Alum. Co. Amer. 71 7/8 765/8 American Can 43 55 5/8 Amer. Tel & T. 9/7 67 , Chesa. & Ohio 9/7 73 3/8 ;. Guff Oil 58 1/2 60 3/4 77 7/8 58 Inter'l Paper 6/29 31 30 3/4 Nat'l Cash R. 5/21 88 3/8 77 1/4 Radio Corp. 7/6 34 1/8 47 1/4 Reynolds Tob. 38 7/8 44 Royal Dutch 45 3/8 42 1/2 General Elec. 93 1/4 120 1/4 Norfolk & West. 132 1/8 127 AVERAGE Change 7 29 – 10 6 -1 -1 – 13 38 13 -6 29 -4 6 Change DJIA same Time Period 5 11 — 7 7 11 15 5 11 11 11 7 5 9 Current Comment Buy for Obj. 79 – Support 50 Hold. Support 58 Buy for 102-150 Buy for 63-92 Buy on dips. Obj. 72 Buy for 144-188 Hold JBuy-Dips. 52 wouldind 112 Buy for 82 Removed from list 10/11' Removed from list 9/27 PRICE APPRECIATION Price 12/31/64 or date Recom. Amer. Hosp. S. 6/29 25 Amer. Potash 6/29 39 Atch. Top.S.F. 33 1/8 Beaunit Corp. 37 Cenco Instrum. 1/29 29 3/4 Clevite Corp. 40 7/8 Cluett Peabody 60 3/4 Copperweld S 26 3/8 Crowell- Collie r 25 1/8 Denver R. G. 21 3/8 Disney, Walt 45 1/2 Price 12/31/65 or date Removed 39 3/4 43 1/2 33 1/4 45 3/8 37 3/8 51 3/4 78 7/8 31 3/4 43 20 3/4 59 1/4 Change 59 12 – 23 26 27 30 20 71 -3 30 0/0 Change DJIA same Time Period 15 . 15 11 11 7 11 11 11 11 11 11 Current Comment Hold. Buy-Dips. Obj. 60 Buy for Income Hold for 60 Hold Buy for 63-100 Hold Hold for 52 Hold for 64 Hold for Income Buy for lHl This Bulletin 11 pt.luhsherl for \our l'onm …n('c lind mforml.tlon Rnd I not un to ….1 n 51111.'lt.ltlOn to I,u\ IIn\ ,,h……as obtfl.lned Clom …. 1.' to I.. 1.,fllll,le, hut 'e do not It! nCUrlC'\ \\'R(sfon K Co In….in ..1 lhL' 'InrUllIl.ItlnrJ or.. ,hl lon,, .'mpl.,\t't 111,1\ hnvc mterelSt In or Jluld'l,lH IIUt! ,ell the ….(,11 …1 to ..herein ,I Walston &Co. Inc INVESTMENT BANKERS MUTUAL FUNDS MUNICIPAL BONDS Members New York Stock Exchange and Other Principal and Commodity Exchanges OFfICES COAST TO'CQAST OVERSEAS TABELL'S RECOMMENDED LIST r PRICE APPRECIATION (Continued) Price 12/31/64 or date Recom. Eato'n Mfg. 43 1/4 El Paso Nail Gas 22 5/8 First Chart. Fin. 24 1/8 Gen'l Dynamics 35 Illinois Central 51 1/2 Inter. Motor F 6/29 28 Kansas City S. Koppers Co 44 1/4 55 Korvette 40 McDermott, J.R. 37 1/2 McGraw Edison 25 1/2 Metro-Gold. M 3/1 41 Perkin- Elme r 6/29 48 Revlon 5/3 45 1/8 Reynolds Metals 34 7/8 Riegel Paper 21 3/8 Schlumberger 71 Scovill Mfg. 36 7/8 Shell Oil Co 59 1/2 Signode Corp. 27 1/4 Southern Rwy ,57 3/8 Sundstrand Corp. 20 Swingline, Inc. 37 1/2 United Fruit 17 5/8 Wallace & Tier. 8/2 32 Warner Br.Co. 4/5 33 3/4 Clark Equip. Elec. Storage B. Fruehauf Corp. Inter. Min. Chern. Litton Ind. 2/19 Lykes Bros. Metromedia, Inc. Midland-Ross Newmont Mining North Amer. Car Rayonier, Inc. Stevens, J. P. Storer Broad. U. S. Plywood Vornado, Inc. AVERAGE 50 46 5/8 30 1/4 38 86 23 7/8 40 1/4 36 3/4 45 29 1/2 40 5/8 43 5/8 49 43 1/4 30 1/8 Price 12/31/65 or date Removed 60 1/2 19 3/4 22 5/8 56 3/4 69 1/2 35 3/4 43 7/8 61 1/8 26 118 54 1/2 39 46 3/4 79 3/4 43 1/4 49 3/8 22 1/8 70 63 1/4 64 3/8 33 57 7/8 36 1 4 60 3/4 32 1/4 42 1/2 40 1/4 45 1/4 48 3/4 32 3/8 60 118 7/8 20 3/8 35 3/8 44 58 7/8 27 1/4 41 7/8 58 1/2 65 3/4 44 54 114 Change 40 – 13 6 62 35 28 1 11 – 35 45 53 14 66 -4 42 4 1 72 8 21 1 81 62 83 33 19 -9 5 7 58 38 – 15 – 12 20 31 -8 3 34 34 1 80 25 '70 Change DJIA same Time Period 11 11 11 11- – – 11 15 1 11 11 11 11 8 15 5 11 11 11 11' 11 11 11 11 11 11 10 9 2 5 7 4 6 2 2 2 6 6 6 1 3 7 9 Current Comment Hold for 78 Hold for Income Hold Buy-Dips. Obj.88 Buy-Dips. Obj. 112 Hold for 45 Buy for Inc. & Apprec. Buy for 112 Hold Buy for 102 Hold Buy for 70 Hold for 100 Buy. 50 indicates 1rot Buy for 94 Hold for 34 Buy for 98-136 Hold Buy for 120 Buy for 50 Buy ,for ,108 Buy-Dips. Obj. 70 Hold for 82 Buy-Dips. Obj.42 Buy -Dips. Obj. 63 Hold for 49 Removed from list 8/.H Removed from list 9/8 Removed from list 10/11 Removed from list 9/8 Removed from list 10/n Removed from list 8/30 Removed from list 8/30 Removed from list 3/29 Removed from list lO/n Removed from list 8/30 Removed from list 5/3 Removed from list lO/n Removed from list 8/16 Removed from list 1/29 Removed from list 5/10 ThiS Willi hf\ye nu i'i rmbll;hc.1 f.11 onr tOIlH.'r1I1'rHI' Hut InfOlIn.lll( n Imd ' not tn ofT(r to 'lei! or 1\ SOhClt,ltlJn to I,u\ ,tlL\ '(I'UI LtlC'S The mform.ttlon from nUI(,' L h.II!\' tIl h, 1111,lhl., hut Y. In .,t mt .1(',urIUI allol1 – Co. n(' .\Il' II! ,,1111 . ollllo 01 .. m,IY OJ ImJ .. ,lnd .,11 IfI' ,,!,,'Utltl'1l.fJ.d to h'I'11I WH-916 ,fS. r;;- Walston &- Co. Inc INVESTMENT 8ANKERS MUTIJAl FUNDS MUNICIPAL 80NDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchanges OFFICES COAST TO COAST AND OVERSEAS TABELL'S RECOMMENDED LIST SPECULATIVE PRICE APPRECIATION Price 12/31/64 or date Recom. Ame-r. Bosch 4/5 18 7/8 Audio Devices – 171/8 Camp. Chib. 3 13/16 Foote Mineral 16 3/4 Great West. Fin. 11 1/2 Hewlett-Packard 22 5/8 Ling-Temco 3/22 24 1/2 Mesabi Trust 14 7/8 Microwave Assoc. 9 5/8 Mohasco 14 1/8 National Can 17 Pacific Pete 10 3/4 Seaboard W. Air 6 Universal Match 14 3/8 Varian Assoc. 13 Vulcan Mate. 17 3/8 Price 12/31/65 or date Removed 28 1/8 22 5/8 6 5/8 23 11 3/8 38 7/8 48 1/4 14 5/8 21 1/2 25 1/2 26 1/2 10 5/8 14 20 5/8 26 5/8 21 3/8 Change 49 32 73 37 1 72 97 -2 123 81 56 1 133 43 105 23 Change DJIA same Time Period Current Comment 9 — Buy-Dips. Obj. 50 – Buy for 30-40 11 11 11 11 8 11 11 11 11 11 11 11 11 11 Buy-Dips – Obj. 10 Hold for 29 Hold Buy-Dips. Obj.59 Hold Buy for Income Buy for 40-52 Hold for 29 Buy-Dips. Obj. 50 Hold for Long Term Hold for 20 Buy for 28-57 Hold Hold for 28 Amer.Metal Pro Amer.Rad. S. S. Braniff Air. Intern'l Packers Raytheon Co Reeves Bros. Spartans Ind. 1/29 Sperry Rand AVERAGE 19 1/8 25 20 3i8 20.7 /8 27 3/4 10 7/8 21 1/2 22 1/2 35 10 1/2 37 26 19 1/8 13 7/8 44 12 31 – 2 26 3 72 16 130 – 14 49 2 — — — 3 7 7 3 5 6 9 Removed from list 3/29 list 3/29- Removed from list 3/1 Removed from list 10/11 Removed from list 10/11 Removed from list 3/1 Removed from list 12/6 Removed from list 5/3 Average All Stocks \29 9 This Bulletm JH puhh&lwd 101 your co ,v,'llI.n,',' .lnt! 1l1f'llllloltWll .1111 not .m OfT('1 to or.l o.,ohrlt.ltion to bu) any Willi obtmned from hnve nn intercst m OJ we 1,h1n,t,!1.'…1.n0 j,( lell,llll,'. 1,ut WI' do til' .'Utltl'i fllul not j.!u.\.lntl.'l' to herein .It,'UI.lty, Wllston – Cn. Inl .Hld dlsl.ulI'I..'l.,Thc lnfOlm.ltion OIfiCel'1, (l1('('tors 01 t'mplo)ec! rna) WN-916