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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (31050)	5/25/2008 1:10:53 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78659

NSRGY. Nestle has been a very good "mom" stock since Spekulatus first started talking about it here (July '03). Message 19110144 I bought a few shares; in retrospect shoulda bought more and for my "mom account" --- An ideal "mom stock". as I see it, is something you or your parents buy for their account where, when you are recommending/suggesting it, you don't have to explain what the company does or its product; the possibility is small that you will have to have to apologize to your parents if you screw up - the biggest screwup maybe being you/she/they paid a little too high for the stock (which is forgotten about as the company grows and stock price increases over several years); your mom has heard of the business or product or used the product and likely knows the name of the company that provides the service or makes the item. The company likely provides a dividend (that grows), so there's some cash coming into the account. It's a stock that one buys and puts away, doesn't have to review frequently, doesn't much worry about if it fluctuates. (Your parent doesn't keep calling you to explain what the heck happened to their stock (in market decline) and what should they - you- do now about it.) Some stocks in my mom account are [t]IBM[/t] (Please recognize the generation of my mom and me -- IBM being the well-known stock of the 1940's, esp. 1950's and 1960's), Albertson's (became SuperValue [t]SVU[/t]), [t]MMM[/t], [t]LLY[/t], [t]BGF[/t] [t]BAC[/t]. (I may have to apologize for that BAC pick. -g-). A few others I stashed in there are [t]IBA[/t],[t]UU[/t], [t]FUR[/t]and [t]HTE[/t]. I recently closed out ADP and its spin off BR.