Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice ! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
I hope you all are having a good Labor Day Holiday (for those of you outside the United States, I also wish you a wonderful weekend!).
Always thinking about informing my readers nd learning more myself, I would like to share this commentary about the history of 'Labor Day' in the United States from a PBS NewsHour Production :
"In September 1892, union workers in New York City took an unpaid day off and marched around Union Square in support of the holiday. But now, protests against President Cleveland's harsh methods made the appeasement of the nation's workers a top political priority. In the immediate wake of the strike, legislation was rushed unanimously through both houses of Congress, and the bill arrived on President Cleveland's desk just six days after his troops had broken the 
Pullman strike.
1894 was an election year. President Cleveland seized the chance at conciliation, and Labor Day was born. He was not reelected.
In 1898, Samuel Gompers , head of the American Federation of Labor, called it "the day for which the toilers in past centuries looked forward, when their rights and their wrongs would be discussed...that the workers of our day may not only lay down their tools of labor for a holiday, but upon which they may touch shoulders in marching phalanx and feel the stronger for it."
For me, and I am sure most of the American readers, Labor Day is now just an excuse for a three day weekend, a picnic trip, or fishing expedition, or perhaps a county fair or parade. It is important to understand the historic origins of the days we celebrate!
Well, one of my 'labors' this weekend (excuse any semblance to a pun), is to examine past stock picks from this blog and find out how they would have worked out if indeed purchased, and how the companies themselves are doing and whether they still deserve a spot on the blog, as I refer to my large 'vocabulary' of stock names.
These reviews assume a 'buy and hold' approach to investing. In fact, I recommend and practice an extremely disciplined approach to ownership of equities that demands that I sell stocks at small losses quickly and also sell portions of appreciating stocks in a slow and deliberate fashion. This difference in strategies would certainly affect performance; however, for the ease of analysis, this 'buy and hold' assumption is retained for this review.
On March 13, 2006, I posted Stryker (SYK) on Stock Picks Bob's Advice when the stock was trading at $48.07. SYK closed on August 31, 2007, at $66.80, for a gain of $18.73 or 39.0%.
On July 19, 2007, Stryker (SYK) reported 2nd quarter 2007 results . For the quarter ended June 30, 2007, net sales grew 16.0% $1.46 billion. Diluted net earnings per share increased 25.0% to $.65/share. The company beat average expectations of $.61/share on revenue of $1.44 billion. The Morningstar.com "5-Yr Restated" financials are intact.
For all of the above reasons,
STRYKER (SYK) IS RATED A BUY
$66.78 (09/03/07)
