Thursday, August 22, 2002

Stock Tip - Obvious -
"Financial adviser Geoffrey Hargadon has calculated the five-year rate of return on the stocks of the 45 publicly held companies that have attached their names to stadiums (e. g. Safeco Field in Seattle, 3Com Park in San Francisco, etc.). They are, in a word, dogs. According to Hargadon's calculations, a portfolio composed exclusively of stadium stocks lost an average of 11 percent per year over the past five years. The S&P 500 gained an average of about half a percent each year." Boston Globe

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