SPINNERETTE 09.28.23
4 companies MTCH +1.16 CHG = BMO + DEO + MGA + NSC
BONDS.COM GAME
Obviously, today’s topic is BONDS. What does one need to know about buying BONDS? Firstly, Bonds are a debt obligation issued by the government or companies to raise money. These Bonds must be repaid with interest. The agreement between the government or company has an obligation to pay a fixed interest over a period of time and include the initial face value of the loan. This type of investment is considered low-risk with low-returns. Secondly, there are five types of bonds to buy: Treasury, Corporate, Savings, Municipal and Agency. Each have Pros and Cons like all investments. If you have further interest in learning about Bonds GO TO www.thebalancemoney.com.
A DADDY LONGLEGS: During my research, I discovered a website entitled bonds.com.
BMO is the Bank of Montreal a Canadian multinational Investment Bank and Financial Services Company headquartered in Toronto, Canada. It began as Montreal Bank in 1817 and is Canada’s oldest bank. BMO is one of the BIG FIVE Banks in Canada and is ranked the 8th largest bank in North America. Today, BMO has a Revenue of approx. US$27 BILLION. In the United States BMO is titled BMO Financial Group. The company is #84 on the Forbes Global 2000 list.
Traded today @ $85.01
DEO is Diageo plc a British multinational alcoholic beverage company headquartered in London, England. founded in 1997 with a Revenue of approx. 22 BILLION pounds. DEO’s primary listing on the London Stock Exchange with a secondary listing on NYSE. Diageo produces 40% of all Scotch whisky including popular Johnnie Walker and J&B. Other leading brands include Smirnoff, Captain Morgan and Tanqueray.
Traded Today @ $149.79
A DADDY LONGLEGS: The London Stock Exchange was founded in 1801. Stock prices are quoted in pence rather than pounds. The term pounds was adopted in England from weighing silver of 240 pennies. The first pound coin was minted under the reign of King Henry VII in 1489.
MGA is Magna International Inc. is a Canadian parts Manufacturer for Automakers. Their parts are distributed to General Motors, Ford and Stellantis as well as other leading automobile companies. It was founded in 1957 by Frank Stronach and is headquartered in Aurora, Ontario, Canada. MGA’s Revenue is approx. US$36 BILLION employing approx. 158,000. It is governed under a corporate constitution that distributes profits to employees and shareholders known as fair enterprise system.
Traded Today @ $53.65
NSC is Norfolk Southern Corporation which became a holding company IN 1982 for a majority of the United States Transportation Industry. Their roots date back to the turn of the 19th Century United States Rail Systems. Their acquisitions are numerous. Primarily, they are responsible for the rail transportation of “raw materials, intermediate products, and finished goods” delivered across a large portion of the US. Their Revenue is approx. US$13 BILLION employing at least 19,000.
Traded Today @ $197.38