Tabell’s Market Letter – January 05, 1967

Tabell’s Market Letter – January 05, 1967

Tabell's Market Letter - January 05, 1967 page 1
Tabell's Market Letter - January 05, 1967 page 2
Tabell's Market Letter - January 05, 1967 page 3
View Text Version (OCR)

Walston &Co, Inc MUNICIPAL BONDS UNDERWRITERS MUTUAL FUNDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchanges OFfiCES COAST TO COAST AND OVERSEAS TABELL'S RECOMMENDED LIST January 5, 1967 This edition of our Recommended List tallies the price performance of all recom- mended stocks over the past two years. As usual, the list is divided into three categories Quality and Long-Term Growth, Price Appreciation, and Speculative Price Appreciation. Included at the bottom of the tabulation after each category are all stocks removed from the list during the year 1966. The list, therefore, covers all stocks on our Recommended List a year ago and all those recommended during the year. In addition, the performance of stocks removed during the year 1965 is averaged'at the bottom of each list. – -, The first two columns show the recommendation date and price. In cases where no recommendation date is given, the stock had been on the list prior to December 31, 1964, , and the price as of that day is used. The third column sh,ows the price on December 31,1966 or on the date removed if the stock is not now on the list. The fourth column shows the per- centage change, and the fifth column shows the percentage change in the Dow-Jones Industrials during the same time period. The tabulation speaks for itself. The stocks in the Quality and Long-Term Growth section of the list show an average decline of 3. 6 vs. an average decline of 9 in the DowJones Industrials. The stocks in the Price Appreciation section show an average gain of 16.2 vs. a 1. 4 decline in the Dow, and in the Speculative Price Appreciation section, the average gain is 46.8 vs. a 2.00/0 loss 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 Price on Date Date Recom. Recom. Alum.Co.Amer, American Can Amer, Tel & Tel Goodyear Tire Gulf Oil Intern'l Paper Natl.Cash Reg. Parke Davis Reynolds Tob. Royal Dutch 5/3/65 9/7/65 6/17/66 6/29/65 5/21/65 4/22/66 71 7/8 43 67 51 58 1/2 31 88 3/8 36 1/2 38 7/8 45 3/8 Chesa. & Ohio 9/7/65 73 3/8 Radio Corp. 7/6/65 31\ l/S Stocks removed in 1965 (3 stocks) AVERAGE & LONG Price 12/31/66 or date Removed 78 3/8 47 1/8 (55 41 1/2 59 1/8 25 3/8 67 5/8 27 1/8 34 l/S 33 1/8 77 7/8 52 3/8 TERM GROWTH Change Change DJIA same Time Period Current Comment 10 10 – 18 – 20 1 – 18 – 24 – 25 – 12 – 27 -2 53 6.8 – 3.6 – 15 Buy for 110-190 – 10 Buy for 60-77 13 Hold. 59 indicates 78 – 12 Buy-Dips.. Support 40 -3S – 10 Buy-Dips. Objective 92 – 7 Buy on dips – 15 Hold – 17 Buy on dips – 10 Hold – 10 Buy-Dips. Objective 86 -11 Removed from list 9/16 13 Removed from list 1/21 – 5..7 – 9 Air Reduction Allegheny Lud. Amer. Potash Anchor Hock. PRICE APPRECIATION Price on Date Date Recom. Recom. 4/22/66 72 3/4 11/18/66 56 6/29/65 39 11/18/66 53 Price 12/31/66 or date Removed 65 1/4 57 3/4 32 3/4 52 l/S Change DJIA same Time Change Period – 10 – 17 3 3 – 16 7 -2 3 Current C9mment Buy for 102 Buy for lOS Buy-ilps, Objective 60 Buy-Dips.Ob. 68-90 Thl; Bulletm 16 IlUhh ..ht1 for our ('on\tnwn, .lnd mformntlon nnd ' not R.n oif(r to ..1I qr a SOllelt,ltlon to bu) Iln .(,,untLl's '1''ilU….,…,J The lnfolmallon VtUS oh\..1In….\ from !Our ……, we 1,.,1,,\'.' to I ,,l,nhl … but Vol' d not gu,rllnt.. ,1..; c('urnr Vt'1l1ton &. Co Inc and ,t.. oll1c.. r,;, dLI(''loro; or eml'Ot.'l.'s ma) tllwe Rn In or In,l ,ell thc 'c'\Jrltl.' nf,'rl' to herem '11-916 Walston &- Co. Inc MUNICIPAL BONDS UNDERWRITERS MUTUAL FUNDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchanges OFF1CES COAST TO COAST AND OVERSEAS TABElL'S RECOMMENDED LIST PRICE APPRECIATION (Continued) Date Recom. Price on Date Recom. Bell & Howell 4/17/66 47 Cenco lnstrum. 1/29/65 293/4 Cinn. Milling 11/18/66 31 Clev ite Corp. 40 7/8 Columbia Broad.1l118/66 57 Copperweld S. 26 3/8 Denver Rio G 21 3/8 Disney, Walt 45 1/2 Eaton Yale T 215/8 El Paso N. G. 22 5/8 Excello 4/19/66 55 Gen'l Dyn. 35 Gillette Co 11/15/65 37 Ill. Central 51 1/2 Kelsey Hayes 11/18/66 29 Koppers 27 1/2 McDermott,J.R. 371/4 Mesabi Trust 14 7/8 Metro-Gold.M 3/1/65 201/2 Olin Mathieson 4/22/66 63 -Revlon — 451/8 Reynolds Met. 34 7/8 Riegel Paper 21 3/8 Robertshaw C. 3/15/66 34 Schlumberger 473/8 Sharon Steel 7/8/66 347/8 Shell Oil 59 1/2 Signode Corp. 27 1/4 Southern Rwy 57 3/8 Sundstrand 20 Union Bag C. 3/23/66 47 United Fruit 17 5/8 Wallace &Tier. 8/2/65 32 Price 12/31/66 or date Removed Change 54 1/2 34 3/4 33 38 3/4 61 1/2 28 16 7/8 79 1/4 24 1/8 17 7/8 44 1/2 48 1/8 41 3/4 73 1/2, 27 3/8 26 3/4 77 1/2 12 1/8 37 1/2 58 5/8 46 5/8 50 1/8 15 1/2 23 3/4 40 1/4 33 60 30 3/4 42 1/4 29 7/8 37 3/8 26 3/4 31 7/8 16 17 6 -5 8 7 – 21 75 12 – 20 – 18 39 13 43 -6 -3 108 – 18 85 -6 — -3 43 – 28 – 33 – 15 -6 11 – 26 49 – 21 51 Change DJIA same Time Period – 17 – 13 – 3 – 10 -3 – 10 – 10 – 10 – 10 – 10 – 17 – 10 – 18 – 10 -3 – 10 – 10 – 10 – 13 – 17 – 10 – 10 – 15 – 10 – 12 – 10 – 10 – 10 – 10 – 15 – 10 – 11 Current Comment Hold for 62 Hold Buy for 60 Hold Buy-Dips. Object. 84 Buy for 38-54 Hold for income Hold for 100 Buy-Dips. Object. 49 Hold Buy-Dips. Object. 90 Hold. Support at 45 Buy for 80 Buy-Dips.Object. 114 Buy-Dips. Object. 42 Buy-Dips. Object. 60 Hold for 102 Buy for income Hold for 52 Buy for 72-130 Buy-Dips. Object. 94 Hold Buy-Dips Buy-Dips. Object. 74 Buy for 70 Buy-Dips.Object. 120 Buy-Dips. Object. 50 Hold Hold for 35 Buy for 92 Buy-Dips. Sup. 26-24 Buy-Dips.Object. 63 Amer. Hosp. S. 6/29/65 Atch.Top.SF 25 331/8 Beaunit Corp. 37 Canteen Corp. 6/10/65 Cluett Peabody 193/4 60 3/4 Crowell Collier First Chart. Fin. Interstate Mot.F. 6/29/65 Kansas City So. Korvette 25 1/8 24 1/8 28 44 1/4 40 McGraw Edison 25 1/2 Perkin-Elmer 6/29/65 48 Scovill Mfg. 36 7/8 Swingline, Inc. 18 1/2 Warner Bros. 4/5/65 33 3/4 Stocks removed in 1965 (15 stocks) AVERAGE 42 1/8 32 55 31 1/2 78 3/8 38 7/8 14 1/2 23 3/4 35 3/8 23 5/8 36 3/4 47 1/4 72 38 1/2 23 5/8 69 -3 49 66 29 51 – 40 – 15 – 20 – 41 44 97 95 105 – 30 17.8 16 2 17 -7 7 11 13 -7 7 -4 -7 7 13 7 13 7 -7 Removed from list 1721 Removed from list 9/10 Removed from list 4/29 Removed from list 4/29 Removed from list 1/21 Removed from list 11/18 Removed from list 4/29 Removed from list 9/16 Removed from list 9/16 Removed from list 4/29 Removed from list 1/21 Removed from list 4/29 Removed from list 1/21 Removed from list 4/29 Removed from list 9/16 3.9 – 4.1 ThiS Bulletin IS Iluhhsho..d for )our conVl-nlince lnd Lnformf\llOn .-Ind I' 110t an olTtr to ..ll or f\ \\,10, obullnc..! from vc hdRVL to I.. lehahlc, uut we do not KU,lrllnlu IL-; a('('Ulfl\ \\'I .. too l!… Go tllWC an In or ,\lui cll to to hu an ,('curlt't's tll;CUSbcd 1he nfOrmatlOn Inr. and officers, d!lectors or Cml,lotes mn), WH-916 W—-d–l-s-tIoncn–&—-C–o-. MUNICIPAL BONDS UNDERWRITERS MUTUAL FUNDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchange, OFFICES COAST TO COAST AND OVERSEAS TABEll'S RECOMMENDED LIST SPECULATIVE PRICE APPRECIATION Date Recom. Price on Date Recom. Price 12/31/66 or date Removed Change DJIA same Time Change Period Current Comment Amer. Bosch 4/15/65 Camp. Claiboug. Chris-Craft 3/15/66 Home Oil A 11/1S/66 Microwave National Can Pacific Pete UMC Industries Varian Assoc. Vulcan Mat. lS 7/S 3 13/16 23 21 9 5/S 17 10 3/4 14 3/S 13 17 3/S 19 3/4 5 3/4 21 7/S 22 21 1/4 23 l/S 10 13 7/S 30 l/S 17 l/S 1 50 5 5 120 36 1 132 1 . Buy-Dips. Object. 47 – 10 Hold – 15 Buy-Dips. 24 indo 39 3 Buy-Dips. Object. 34 – 10 Buy-Dips. Object. 40 – 10 Hold. Object. 50 – 10 – 10 Buy-Dips. 15 indo 2S Buy-Dips – 10 Buy-Dips – 10 Buy-Dips.Objective 2S Audio Devices Budd Co. 3/17/66 Foote Mineral Gt. West Fin. Hewlett Pack. Ling Temco 3/22/65 17 l/S lS 16 3/4 11 1/2 22 5/S 24 1/2 Mohasco Seab.World Air. 14 l/S 6 Stocks -removed in -1965-(S-stocks) — 25 1/4 15 l/S 19 3/S S 50 52 7/S 25 1/4 24 3/4 79 – 17 16 – 31 121 116 79 313 -c' 7 – 12 7 7 7 10 7 7 Removed from list 4/29 Removed from list 9/16 Removed from list 9/16 Removed from list 4/29 Removed from list 4/29 Removed from list 1/21 Removed from list 4/29 Removed from list 4/29 AVERAGE 46. S – 2.0 This lJull!,bn ohtllltlld IS I'uilll!,hed Cor our rOllvenwnN' nnd from ourn WI- h…IIl'''''' to t H.!h,llol,. mfolmnlmn ,\nil Ib not but Wt ,In 1I0t gutl.lntl ,m offer to ott'll Its .lcrUl,u') \oVralnsto;no\1s(..'.ltnCtloJ.n to bu lUi !,l'!unlw'l an Its offif'elS, .lIn'rtors The ,nformnt.on or empiO)L'(.S may hnvc I,n mlelC'll m 01 IIn,l ,,-11 the nfl'! to h..rn '11'11-916 I

Download PDF