Oldies but Goodies: How Old Companies Outperformed
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Created by Pam
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Date updated:01-27-2007

Some investors consider old companies as stodgy and has-been's. However, if you look at the performance of five of the oldest publicly traded companies for last year, you would find otherwise. The average return for the 'old five' was 13%.

The oldest company on the list is Bowne & Co. (BNE), the financial printing company founded in 1775, which had a return of 9% for the year. The best of the oldies is Bank of New York Company, Inc. (BK) founded 1784, up 24%.

symbol name last price % change open
  • +
  • BK
    Bank Of Ny Mellon
  • $27.45
  • +2.04%
  • $27.26

Bank of New York Company (BK) 2006 return: 24% Founded 1784

People owning BK also tend to own: APHBCRCSCCSLGPCGRIVZ

TheStreet.com Rating: D+ What is this?

  • +
  • VAL
    Valspar Corp
  • $27.54
  • +2.30%
  • $27.05

Valspar Corp. (VAL) 2006 return: 12% Founded 1806

People owning VAL also tend to own: AAUKACASAGDAGOBTICOPCOST

TheStreet.com Rating: B+ What is this?

  • +
  • WASH
    Washington Trust
  • $14.54
  • 0.00%
  • $N/A

Washington Trust Bancorp (WASH) 2006 return: 11% Founded 1800

People owning WASH also tend to own: BKBNEVALYORWBMOCCI

TheStreet.com Rating: C What is this?

  • +
  • BNE
    Bowne And Co
  • $6.82
  • 0.00%
  • $N/A

Bowne & Co. Inc. (BNE) 2006 return: 9% Founded 1775

People owning BNE also tend to own: BKVALWASHYORWAFSIATLSAWI

TheStreet.com Rating: D+ What is this?

  • +
  • YORW
    The York Water Co
  • $14.08
  • 0.00%
  • $N/A

York Water Company (YORW) 2006 return: 8% Founded 1816

People owning YORW also tend to own: ARTNAAWRBIWBMICTWSCWTESE

TheStreet.com Rating: B What is this?

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