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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%.

BK
Bank Of Ny Mellon
$26.19
-0.34%
$26.14

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

People owning BK also tend to own: C DIS FDX ICF JPM MMM PFE

TheStreet.com Rating: D+ What is this?

VAL
Valspar Corp
$27.55
+0.22%
$27.45

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

People owning VAL also tend to own: AAUK ACAS AGD AGO BTI COP COST

TheStreet.com Rating: B+ What is this?

WASH
Washington Trust
$14.90
+0.34%
$14.93

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

People owning WASH also tend to own: BK BNE VAL YORW BMO C CI

TheStreet.com Rating: C What is this?

BNE
Bowne And Co
$6.11
+1.33%
$5.99

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

People owning BNE also tend to own: BK VAL WASH YORW AFSI ATLS AWI

TheStreet.com Rating: D+ What is this?

YORW
The York Water Co
$13.88
-0.14%
$14.25

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

People owning YORW also tend to own: ARTNA AWR BIW BMI CTWS CWT ESE

TheStreet.com Rating: B What is this?

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