Hi Snowshoe,
Just a guess, but Halliburton is likely not large enough for the DJIA. Its current market cap is somewhere around $10B or $11B, which would place it near or at the bottom of the Dow stocks. Only Eastman Kodak, International Paper and AT&T would be near as small or smaller (as measured by market cap), and those are the three stocks that are "on the bubble" so to speak...
Also, Halliburton is largely perceived as being energy (gas and oil) related in its business activities, and gas/oil is already represented in the DJIA. Yes, I know that HAL is much more diversified than just gas/oil, but their other activities are also currently represented in the DJIA (think Caterpillar, United Technologies, General Electric and Exxon Mobil).
Therefore, I think HAL is not a likely successor choice. But, I've been wrong before, and I could be wrong now. <g>
KJC |
