Tabell’s Market Letter – January 12, 1970

Tabell’s Market Letter – January 12, 1970

Tabell's Market Letter - January 12, 1970 page 1
Tabell's Market Letter - January 12, 1970 page 2
Tabell's Market Letter - January 12, 1970 page 3
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. Walston &Co. fILE Members New York Stock Exchange end Other Principal Stock end Commodity Exchange. OVER 100 OFFICES COAST TO COAST AND OVERSEAS .' TABELL'S RECOMMENDED LIST January 12, 1970 This edition of our Recomm'ended List tallies the price performance of all recommended stocks over the past five '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 196, 9,' 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 1965 and 1965is averaged at the bottom of each list. The first.two columns show the recommendation date and price. In cases where the-' recommendation took place before December 31, 1964, this is used as a base date. The third column, shows the price on December 31, 1969, or on the date removed if the stock is not now on the list. The fourth column shows the percentage 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 rise of 4 vs. an average drop of 4 in the Dow-Jones Industrials. The stocks in the Price Appreciation section show an average gain of 20 vs. no change in the Dow, and in the Speculative Price Appreciation section, the average gain is 46 vs. no change 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 result swill be obtained by purchase in the future. Commissions are, of course, not included. i QUALITY & LONG TERM GROWTH — – – – Price as of date Recom. mended Address. Multi. 4/1S/69 73 1/2 Alum. Co. Amer. 5/3/65 71 7/S Amer. Tel & Tel 9/7/65 67 Boston Edison 1/17/69 44 3/S Cater. Tractor 9/S/67 47 Del Monte 9/S/67 34 3/4 Feder.Dept. St. 11/17/67 35 Intern'l Bus. Mach. 10/9/ 69 340 Intern'l Paper 6/29/65 31 Jewel Cos. Johns Manville Merck 1/17/69 1/17/69 9/29/69 46 1/2 42 1/2 95 Natl Cash Reg. 9/26/69 140 Nevada Power 1/17/69 42 1/2 Parke Davis Phillips Pete. 4/22/66 36 1/2 3/17/67 27 1/2 Radio Corp. 9/S/67 56 5/S Reynolds Tob. Royal Dutch Sears Roebuck 12/31/64 3S l/S 12/31/64 36 5/S 10/9j69 66 Superior Oil 4/1S/69 21S Union Carbide 9/26/69 41 'J/S Price 12/31/69 Removed 61 71 1/4 4S 5/S 33 3/4 42 1/2 25 3/S 37 364 1/2 37 l/S 44 30 113 160 1/2 37 3/S 35 24 l/S 34 45 1/2 39 5/S 6S 131 1/2 37 Change DJIA same Time Change Period – 17 – 13 0 – 13 – 27 -11 – 23 – 14 – 9 -11 – 26 5 7 19 -5 – 11 -7 S 5 – 14 – 29 IS 14 – 14 -2 -2 – 12 -14 -4 – 15 – 12 7 39 19 -11 -S S 3 – 39 – 10 -S 0 – 13 -2 eurrent Comment Hold Buy on Dips. Buy on Dips. Buy on Dips. Buy In support zone. Buy. Buy. Buy. Buy on .dips to 36. Buy on dips. Sup. at 40 Hold Buy. Support at 1!0-105 Buy on dips. In support zone. Buy. Buy. Buy. Hold. Sup. at 34-2S. Hold. Buy on dips. Hold. Buy on dips. Buy on dips. Hold. Buy. Amerada Hess Borden Co. Colgate Palm. Continental Oil S/16/67 9/S/67 3/17/67 3/17/67 SO 3S 1/2 29 3/4 34 l/S 96 1/4 27 49 1/2 35 l/S 20 – 29 66 2 -9 -S 6 6 Removed 9/19/69 Removed 9/19/69 Removed 4/1S/69 Removed 4/1S/69 II Thll! Bullctm is published for your conVlfilt'nCI' find mfol mahon Itnd IS not an offer to '1ell or a soliCItatIon to bu) any securaties dIscussed The Information was obtaIned from sources we b.. ll..ve to I.. elmb!.., but we ,10 not Its ILCCUltl' Wnlston & Co. Inc Itnd Its officels. dIrectors or employees mllY have an Interest In or purchase Itnd ..II the .ccuntu!'s refer rl'l to herein WN-916 Walston &Co ;;;;111 Inc Members New York Stock Exchange and Other Principal Stock Commodity Exchanges OVER lOG OFFICES COAST TO COAST AND OVERHAS TABELL'S Date Recom. Price as of date Recommended Goodyear Tire Kellogg Co Krafco U. S. Gypsum Winn Dixie 6/17/66 251/2 9/8/67 38 5/8 2/2/68 37 1/4 9/6/68 877/8 -1/17/69-36 Stocks Removed, 1965-68 (eleven) AVERAGE RECOMMENDED LIST Price Change 12/31/69 DJIA same or date 'Time Remwed Change Period 28 5/8 42 39 74 1/2 33 7/8 12 8 4 – 15 -5 – …..7 i -3 -9 – 11 27 6 4 -4 (Page 2 ) Current Comment Removed 9/19/69 Removed 4/18/69 Removed 9/19/69 PRICE APPRECIATION Amer. Distilling 1/17/69 29 1/4 Amer. Mach. F. 9/8/67 22 7/8 Arvin Ind. 2/2/68 33 1/2 Atlas Chemical 10/6/69 27 Big Three Ind. 11/20/69 40 Cenco Instrum. 1/17/69 55 3/8 Cl ark Equip. 4/18/69 38 1/4 Copperweld Steel 12/31/64 26 3/8 Culligan, Inc. 11/28/69 22 Dan River Mills 1/17/69 25 3/8 Dart Industries 8/30/68 38 7/8 … First Chart. Fin. 2/2/68 29 Grolier, Inc. 9/29/69 32 Ingersoll Rand 1/17/69 50 3/4 Koppers Co. 12/31/64 27 1/2 McNeil Corp. 9/8/67 17 1/4 Medusa Port. C 11/17/67 28 3/8 Mesabi Trust 12/31/ 64 14 7/8 Pittston 9/25/69 65 Republic Steel 9/8/67 49 3/4 Reynolds Metals 12/31/64 34 7/8 Robert. Controls 3/15/66 17 Seab. Coast Ind. 5/5/67 55 5/8 Stokely Van Camp 5/31/68 60 Suburban Prop. 1/17/69 36 1/4 Texas Instrum. 6/6/69 123 1/4 Times Mirror 11/13/69 44 Union Camp '–Vornado 3/23/66 23 1/2 5-1-/2 Western Union 6/16/69 54 1/2 20 – 31 18 1/2 – 19 21 – 37 23 7/8 -11 42 3/8 5 42 – 24 33 – 13 17 – 35 23 5/8 7 12 1/8 – 52 48 1/2 24 33.- 3 36 1/8 24 30 3/4 – 3 35 1/8 – 30 38 3/4 40 15 1/8 – 12 29 3/8 3 8 3/8 – 43 81 1/2 25 34 1/4 – 31 29 1/2 – 15 37 1/8 118 33 1/2 – 39 23 1/2 – 60 31 1/8 – g 124 3/4 1 40 1/4 – 8 30 7/8 31 44 7/8 – 17 – 14 11 -7 -1 -3 – 14 – 13 -8 -1 -14 – 1o0 -7 -2 – 14 -8 -11 -7 -8 -3 – 11 -8 – 13 – 11 – 10 – 14 – 13 -5 – 13 —1-1- – 10 Hold Buy on dips. 16 Hold Buy on dips. Hold, in support. Buy on dips. Buy on dips.Sup.at 28 Hold Buy on dips to 20-19. Buy Buy on dips, goal at60 Sup. at 35-30. Buy Buy on dips. In support, buy. Sup. at 30-28.Buy dip Buy on dips to 37. In support, buy. Buy on dips. Buy on dips.In sup.zo Buy on dips to 75. Hold, buy on dips. Hold Hold Buy on dips. Hold Buy on dips, in sup. zo e ' Hold, buy on dips. Hold, buy on dips. Hold on-dips, Hold Adams Millis 3/17/67 11 Air Products 1/17/69 44 1/2 Air Reduction 4/22/66 36 3/8 Amer. Bakeries 9/8/67 26 3/4 . Bulova Watch 9/8/67 30 Burlington Ind. 11/17/67 41 1/8 Chicago Mus. I 2/2/68 33 1/2 Commonw'th Oil 3/17/67 26 3/8 Diners Club 9/8/67 40 1/8 17 5/8 38 1/4 18 13 1/4 47 3/4 37 25 3/4 23 5/8 27 1/4 60 – 14 – 50 – 50 59 – 10 – 23 – 10 – 32 6 -11 – 12 -8 1 7 -7 6 1 Removed 4/18/69 Removed 9/19/69 Removed 9/19/69 Removed 9/19/69 Removed 4/18/69 4/18/69 Removed 12/30/69 Removed 4/18/69 Removed 4/18/69 Thl' Bulle-tul is T,ubhshcd for your OtlVClllt'nrc ,tnd ,nrOlm …tlon anu II; 110t Iln offr to or.-l. snll(,lt.ttlon to bu any dls.ussed The 17fmffiRtlOf1 was obtnmed from .,OUTrt, we ht,JllH'lo I.. \l'lmh., hut we do not gu,ullntl' Its 1\('('UI.u'y & Cn, In(' nntllt!! Offi('('T'Io, nllcrtors or may have lIn tnl!'rc;l In or pUILhH'l lin.' ….l1th. to h,Iln 'WN-916 'I' W—-a-l-s-ltnocn–&—C–o-. Members New York Stock Exchange and Other Principal Stock and Commodity Exchange. OVER 100 OFFices COAST TO COAST AND OVERSEAS lABEll'S'RECOMMENDED LIST .Price as Price of date 12/31/69 Date Recom- or date Dresser Ind. Recom. mended Removed . 3/17/67 ; 32 1/2 2S 7/8 General Cigar 1/17/69 32 1/s 19 3/S Gt. North. Paper 3/P/67 Olin Corp.. ,;4/22/66 Sharon Steel 7/S/66 37 3/4 54 22 2L 34 7/S 43 1/2 Change DJIA same o/a Time Change Period -11 – 4 – 39 -11 43 – 4 – 12 24 2 Stocks Removed 1965-68 (sixty-seven) 38 4 AVERAGE' 20 0 (Page 3) Current Comment Removed 9/19/69 Removed 9/19/69 Removed 9/19/69 R-e m oved -\ 9–/-19/6 Removed 3/10/69 SPECULATIVE PRICE APPRECIATION Allied Supermkt 9/B/67 20 Amer. Motors 2/2/68 13 7/S Campbell Chic. 12131/64 3 5/S Camp. Sciences 1/17169 221/4'' Dixilyn Corp. 9/29/69 28 Gibraltar Fin. 11/17/67 22 1/2 ct. West. Fin. 9/29/69 25 Kysor Ind 1/17/69 35 Macke Co. 2/2/68 19 1/2 Petrol. – —–r/rr/-SW-3 Pacific Petrol. 12/31/64 10 3/4 Penn Central Technicolor 9/S/67 5/5/67 67 22 5/S Tishman Realty 9/29/69 30 12 3/S 8 5/8 – 38 -11 – 37 – 7 Buy on dips. Hold 12 1/2 227 – 8 Buy on dips. 33 7/8 52 – 14 Buy 23 1/4 – 16 – 2 Hold 23 1/4 3 7 Buy on dips to 19. 20 1/2 – 17 -2 Buyl dips.to sup.at 25 5/S – 26 – 14 Hold 19 -2 –''T3 – – – 7 Hold 1'1–Buyf(jiMlTCil')3Rnfil– 24 1/8 124 – S Buy on dips. 2S 1/4 – 57 – 11 Buy on dips. 17 1/2 26 5/S – 23 -11 -11 – 2 Hold Hold, buy on dips. Auto. Data Proc. 1/17/69 69 3/4 Chris Craft 3/15/66 23 Electron.Spec. 3/8/68 27 Home Oil A 11/1S/66 21 Microwave Assoc.12/31/64 9 5/8 UMC Ind. 12/31/64 14 3/S Victoreen Leece 5/5/67 13 1/ 2 105 1/2 45 1/4 17 1/4 52 1/8 23 3/4 1B 3/s 13 1/2 51 96 – 36 148 146 27 0 – 12 -0 10 14 5 5 2 Removed 11/21/69 Removed 4/1S/69 Removed 4/18/69 Removed 4/1S/69 RemQved 4/1S/69 Removed 4/18/69 Removed 4/1S/69 Stocks Removed, 1965-6S (twenty-two) AVERAGE 61 4 — – – — 46 … o —….-…- t, Adjusted for stock split. Thls Bulle-tin lS puhhshed fot your 'onVLnI…n,e .-Ina tnfOtm.1.tlOn lnd 15 nol ,In olfu to sdl or a suhcltltH'n to buv Rnv secuntles dIscussed The mf()rmatlQn was oUUl.lncd from lOurct'! we belu..'v,– to 1.4 !t'liJ.blt', uut ….. c d0 not Its W…. & Co, Inc. an,j It Otfkt'IS, dneltors or emllloeec may have an Intere,t In 01 Jlurcha.e ,n,1 the M..lUlltll't n(.llt'4\ to helem. WN-916

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