If the definition of "seeking alpha" is finding stocks that have outperformed the market as defined by the S&P 500 (SPY) with a lower risk as defined by the stock's beta then energy royalty firm Dorchester Minerals (DMLP) should be a great candidate. Reviewing the charts below, 5- year and 10-year total returns for DMLP has outperformed the SPY. $10,000 invested in DMLP ten years ago would be worth about $40,000 today versus just a tad over $20,000 for SPY. $10,000 invested in DMLP five years ago would be worth $17,500 today versus $12,500 for SPY.
DMLP has accomplished this herculean task with a 3-year beta of 0.41
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