Spinnerette.Anagram Challenge: 08.07.24

-5.96 CHG x 2 companies

ICLR + PODD

Deciphered

COLD DRIP

This Spinnerette.Anagram allowed me the opportunity to write about a Stock Market term and one of my favorite subjects - Coffee.

First, The Stock Market Term ~ DRIP is an acronym for Dividend Reinvestment Plan which is a way to grow your investments. According to Google Wikipedia, DRIP is a program that automatically reinvests a company’s dividend payments into additional shares of the company’s stock. Some advantages of utilizing the DRIP are compounding your investment, discounted shares can be offered by companies, commission-free transactions, tax advantages, and they can help avoid attempting to time stock purchases. A disadvantage is that they can reduce cash flow. Also, you must purchase a whole share because a DRIP cannot purchase fractional shares. Of course, COLD can indicate a cooling effect, which pared with DRIP could indicate holding back from utilizing a DRIP. Therefore as an analogy, COLD DRIP may indicate a speculative risk!

Now for one of my favorite topics ~ Coffee!

COLD DRIP coffee is a brewing method. A person uses cold water that slowly drips over coffee grounds. It produces a concentrated smoother taste that is less acidic. It’s made by slow extraction in a special designed drip tower that can take several hours to brew depending your desired strength. Sounds delicious!

Stock Market Weaver: The Industry of Coffee.

• Maxwell House “Good to the Last Drop” was introduced in 1892 by wholesale grocer, Joel Owsley Cheek named after the Maxwell House Hotel in Nashville, TN. Today, the company is owned by Kraft Heinz in North America trading on the NASDAQ: KHC and JDE Peet’s in the rest of the world that trades on EURONEXT AMSTERDAM: JDEP.

• Another Coffee brand I grew-up with was Folgers. Folgers slogan is The Best Part of Wakin’ Up is Folgers in Your Cup. The company’s roots began in San Francisco, CA in 1850 by William H. Bovee as the Pioneer Steam Coffee and Spice Mills. Bovee hired J.A. Folger during the California Gold Rush who eventually became a full partner and later bought out the other partners and renamed the company J.A. Folgers & Co. In the 60’s Procter & Gamble obtained the brand which was later acquired by The J.M. Smucker Company that trades on the NYSE: SJM.

• Finally, I must mention the world’s famous coffee company that changed the way we order coffee. One can order, a Short, Tall, Grande, Venti or Trenta known as non-other than the Starbucks Corporation that trades on the NASDAQ:SBUX. The company was founded in 1971 in Seattle, WA by Jerry Baldwin, Zev Siegl and Gordon Bowker. Starbucks Industry is listed as ‘Coffee Shop’ with revenue more than US$36 BILLION employing approx. 361,000. It is considered the world’s largest coffeehouse chain. Incidentally, many coffee drinkers have become connoisseurs since the arrival of Starbucks. The company has many slogans: Bringing People Together, One Cup at a Time, Coffee and Conservation, and Coffee is Our Passion, Making a Difference is Our Purpose - just to name a few.

The companies that made up Today’s Spinnerette.Anagram are:

ICLR is ICON PLC is an irish global provider of outsourced development healthcare services that provides consulting, clinical development and commercialized services for the pharmaceutical industry. It was founded by John Climax and Ronan Lambe in 1990. The company trades on the NASDAQ.

The Industry is under Medical Services

Revenue is more than US$7 BILLION and employs approx. 41,000.

Traded Today @ $306.57

PODD is Insulet Corp. a medical device company that develops and sells insulin management systems for people with diabetes. The company was founded in 2000 by John L. Brooks III and John T. Garibotto and is headquartered in Acton, MA.

The Industry is under Medical Devices

Revenue is more than US$1 BILLION and employs approx. 3,500.

Traded Today @ $190.39

company/corporation information is from google wikipedia and britannica