Watch List: 10/16/09

The market put on a bull horn and marched passed 10,000 but settled below that mark at the end of the week. The Dow gained 130 points (1.3%) this week. We're mid way through October and if you recalled last year, this was the beginning of the collapse. As a result, certain companies with their low mark have been pushed up by the moving 52 weeks range. At the end of the week, my watch list expanded to 11 companies compared to 9 from the previous week. Here are the companies on my watch list as of October 16, 2009.

Symbol	Name	Price	P/E	% Yr Low	Yield	EPS	Div/Shr	Payout Ratio
SHEN	Shenandoah Telecom	16.81	26.68	1.63%	1.78%	0.63	0.30	48%
BCR	BARD C R INC	76.19	15.98	10.52%	0.89%	4.77	0.68	14%
WMT	WAL MART STORES	51.22	15.02	10.75%	2.13%	3.41	1.09	32%
WEYS	Weyco Group, Inc.	22.40	20.74	11.39%	2.68%	1.08	0.60	56%
NWN	NORTHWEST NAT GAS	43.39	15.72	15.06%	3.83%	2.76	1.66	60%
CAH	CARDINAL HEALTH INC	28.68	8.99	15.32%	2.44%	3.19	0.70	22%
MCD	MCDONALDS CP	58.78	15.58	16.53%	3.74%	3.77	2.20	58%
PNY	PIEDMONT NAT GAS CO	24.19	15.61	16.97%	4.46%	1.55	1.08	70%
WTR	AQUA AMERICA INC	16.65	21.35	18.93%	3.48%	0.78	0.58	74%
BDX	BECTON DICKINSON CO	69.26	14.37	19.13%	1.91%	4.82	1.32	27%
T	AT&T INC.	25.70	12.72	19.87%	6.38%	2.02	1.64	81%
11 Companies

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My view on the market is that the we received a Dow Theory confirmation this week. This view, however, is different than my mentor and colleague at Dividend Inc. who wrote a great peace on 10/14 and 10/15. His called on the market backed when all were bearish in April was dead-on. He gave both price target and time frame which is an impossible task. I take his view on the market strongly and remain a cautious bull at this time. I am staying long on all of my positions but will be watching them closely as I always do.

Art
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