And welcome to a very special three day weekend edition of TheFoxForceJournal.
Note-(TheFoxForceJournal does not post religious views, but is still very curious as to how a giant bunny hiding eggs relates with the resurrection of Christ?)
Our featured stock is Becton,Dickinson and Company (BDX)
Some history on the company from wiki-
BD was founded in 1897 by Maxwell W. Becton and Fairleigh S. Dickinson, two American businessmen who met on a sales trip. The same year the company made its first sale, a Luer-all-glass syringe that sold for $2.50. In 1898 BD acquired its first patent for a medical product. In 1899 the company introduced its first logo which was meant to symbolize guaranteed superior quality of the products provided by BD. In 1904 BD acquired the Philadelphia Surgical Company. This very first acquisition and other early acquisitions significantly expanded the company’s manufacturing ability and product offering. Two years later BD incorporated in the State of New Jersey and built a manufacturing facility in East Rutherford, the first in the U.S. created specifically for the production of thermometers, hypodermic needles, and syringes. In 1924 BD manufactured its first syringe designed specifically for insulin injection. One year later BD introduced the BD Yale Luer-Lok Syringe, designed and patented by Fairleigh S. Dickinson, Sr. It provided a simple and secure method of attaching and removing the needle to and from the syringe. Today, luer lock connectors are the standard for syringes in the U.S. In 1947 Joseph Kleiner developed the Evacutainer — a device used to draw blood by vacuum through a needle into a test tube. This product eventually evolved to become the BD Vacutainer Blood Collection system.
Wow!! $2.50 was quite a bit of cabbage back in 1898. Maybe adjusted for inflation healhcare has always been skyhigh (somehow I doubt that).
BDX was picked by Caps player IJdean on 9/21/12 @ $75.57 for a stock gain of +23.15%.
One grand would have bought 13.2 shrs worth $1262 based on todays close of $95.61.
On 12/6/12 and 3/6/13 the Bectons and the Dickinsons paid out a dividend of .495.
So add another $13 bucks to the total bringing us to $1275.
Now Scruffys 40,000 shrs are worth- $3,182,400.
FOXFORCE EDITORIAL SECTION-
This stock is right in my wheelhouse... Three decades of dividend increases (can we say dividend aristocrat boys and girls?) My only problem with it is I don't invest in healthcare or biotech, so I'd have to pass on this one. Kudos to those that do, just a personal thing where I'm more into self medication using an all natural process involving the choicest Hops, Rice and best Barley Malt.
Thats all for now, make sure to check out blesto's latest midweekly update-
I know I posted this clip already, but since were discussing needles....
STAY FOXY MY FRIENDS!