SPINNERETTE 11.15.23
3 companies MTCH +1.03
AMP + CTSH + DRI
DRIPS MATCH DAMP RICH ST
Obviously, I was able to produce two matches that created a visual sentence. You can view the visual image on my Facebook. Sometimes the Spinnerettes can be more than a word or phrase and they can generate sentences that pair or harmonize with each other. This Spinnerette produced a metaphor creating the symbolism of Matching Drips to a Damp Rich St which could possibly be an interpretation that money (Rich St) is filled with moisture (Damp) and it can Match with Drips representing an overflow of wealth. At least, that was my conception when attaching them together. Nonetheless, one could find their own interpretation.
A Daddy Longlegs: A Drip Investment is a dividend reinvestment. I really do learn something new each week I delve.
AMP is Ameriprise Financial Inc. that trades on the NYSE. The company was founded in 1894 by John Tappan and J. R. Ridgway. It is a diversified financial service and a bank holding company that was incorporated in Delaware and is headquartered in Minneapolis, MN. Their Revenue is reported to be around US$14.4 BILLION and employ approx. 12,000.
Traded Today @ $343.47
CTSH is Cognizant Tech Solutions Corp. that trades on the NASDAQ. The company is an American multinational Information Technology service and consulting business that is headquartered in Teaneck, New Jersey. Their business started as an in-house Dun & Bradstreet in 1994 as a joint venture with Chennai, India’s Software company Satyam Computer Services founded by Srini Raju. In 1996 the company began to build their own customers. The company grew during the dotcom “bust” by taking unwanted companies. Their revenue is approx. US$19.5 BILLION employing over 355,000.
Traded Today @ $68.41
DRI is Darden Restaurants Inc. that trades on the NYSE. It was founded by William Darden in 1968 in Lakeland, FL. He was one of the the founders of Red Lobster. Darden opened his first restaurant at the age of 19 in 1938 called The Green Frog in Waycross, GA. In 1970 Darden sold the company to General Mills. Darden remained with the company and expanded its portfolio to include Olive Garden. After his death in 1994, General Mills decided to turn their focus off of the restaurant business and let go of Darden Restaurants. The company began trading on the NYSE in 1995. Over the years they have acquired a number of restaurants including LongHorn Steakhouse, Bahama Breeze and famed fine dining steak house Ruth’s Chris. Today, the company has more than 1,800 locations. Their revenue is in the neighborhood of US$8 BILLION and employ over 175,000.
A DADDY LONGLEGS: In 2020 to the present Red Lobster is owned by Thai Union Group founded by Thailand in 1977. The company also owns another US business - Chicken of the Sea.
Traded Today @ $155.82