SPINNERETTE 09.07.23
This week’s Spinnerette matched up with two companies DINO +1.14 CHG and LEN +1.14 CHG creating a rhythmic phrase
LION DEN / IN OLDEN / O’ LINDEN
DINO is known as HF Sinclair which is the parent Company of HollyFrontier after the company completed the acquisition of Sinclair Oil. The newly formed Corporation is a Petroleum Industry energy company manufacturing and selling products headquartered in Dallas, TX. HF Sinclair operates seven oil refineries throughout the US, three lubricant facilities including one in the Netherlands and they operate asphalt terminals in three US states. Their Revenue is approx. $US 11-12 BILLION and employ close to 4,000.
Traded Today @ $58.39
A DADDY LONGLEGS: This was especially Nostalgic for me. I have fond memories of wanting the “Blow-Up Dinosaur” that Sinclair Oil was giving away if you filled-out some stamp booklet. I drove my father crazy with my never-ending pleading about “having-to-have” that Dino Dinosaur. Eventually, I won the prize. Perhaps some of you remember those early days of Gas Stations and their give-aways and of course those LOW LOW PRICES. Sinclair Oil Corporation was founded in 1916 by Harry F. Sinclair. On March 15, 2022 it went defunct. HollyFrontier acquired most of Sinclair Oil Corporation. I was pleased that they kept the Dinosaur Logo and DINO’s namesake for their CALL letters. During my research. I was surprised to learn that there is an Online Sinclair Dino store selling all kinds of collectibles. Check it out: www.sinclairdinostore.myshopify.com.
LEN - known as LENNAR is a Home Construction Company operating throughout the US and headquartered in Fontainebleau, FL. The company was founded by Leonard Miller and Arnold Rosen in 1954. The Company listed on the NYSE in 1972 and have a number of acquisitions in their Portfolio. The company employs over 10,000 and their Revenue is over US$27 BILLION.
Traded Today @ $118.08
A DADDY LONGLEGS: The name LENNAR is a portmanteau (a blended word intentionally based on sounds and meanings of the words together) of the 1st names of the company’s founders Leonard Miller and Arnold Rosen.