When choosing my three stocks, I tried to pick companies that I was already familiar with. I personally own stock in both Staples and General mills. My parents are the ones who got me going on Procter and Gamble. My mom purchased the stock when it was around fifty-seven dollars a share. That was in February of 2000. I put my faith into companies that produce generic goods and products that most people purchase. Instead of investing thirty thousand dollars in tech stocks, I wanted to put my money in blue chips.
Apposed to the unstable performance of tech stocks, my three companies are pretty safe choices.Although we probably wont see them jump 20 points in the several weeks we are playing the game, there is a strong chance they will make me some money. Staples, Inc. is an office products superstore and an office products distributor. In addition to office supplies, they also carry things like desks and chairs. Their gross profit for February of 2002 was $717,000,000 with a profit margin of 3. 4%.
Their latest fifty-two week low was $11. 68 a share and the fifty-two week high was $22. 45. When all was said and done, staples was the only business that made me any money.I ended up with around $4,500 profit after the ten weeks.
The Company operates three business segments: North American Retail, North American Delivery and European Operations. Staples’ North American Retail segment consists of the Company’s United States and Canadian business units that sell office products, supplies and services through 1,261 retail stores. As of February 2, 2002, Staples’ European Operations consists of the Company’s 175 retail stores, in the United Kingdom, Germany, the Netherlands and Portugal.Every morning I try to eat breakfast before I leave the house. And a typical breakfast for me consists of cereal and orange juice.
More often than not, you will find General Mills somewhere on that box of cereal. General Mills, Inc. is a producer of packaged consumer foods that operates exclusively in the consumer foods industry. For the 13 weeks ended 8/25/02, sales rose 68% to $2. 36 billion.
The Company operates three business segments: U. S. Retail, Bakeries and Foodservice. International. U.
S.Retail consists of cereals, meals, refrigerated and frozen dough products, baking products, snacks, yogurt and activities directed toward good health and nutrition. The Bakeries and Foodservice segment consists of products sold to retail and wholesale bakeries and offered to the commercial and non-commercial foodservice sectors throughout the United States and Canada, like restaurants and school cafeterias. People will always need their cereal. By the third week I wasn”t to excited by the stocks activity and when it was over the feeling stayed.I ended up making about $9.
The last stock, Procter and Gamble was in my mind a tried and true company with strong financial roots. My mom has made a killing of her share. The Procter & Gamble Company manufactures and markets more than 250 products to more than five billion consumers in 130 countries throughout the world. The Company categorizes its business operations as follows: Baby, Feminine and Family Care, Fabric and Home Care, Beauty Care, Health Care, and Food & Beverage. For the three months ended 9/30/02, revenues rose 11% to $10.3 billion.
However this stock when I bought it at $88 a share wasn”t about to do much for me in the next few weeks. I sold it at $86 and as of December 11, it is at $87. This wasn”t the first time I”ve participated in class activities similar to this one, but apparently I didn”t learn much. Only one winner this time. I realize now that when you plan on buying a stock and then turning around and selling it ten weeks later, it is a good idea to take a risk on possibly a new up and coming company if you want to see lots of dollar activity.