Barron's Euro Dogs of the Dow 2007

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 |  Includes: ABN, BT, DTEGY, ENIA, HSBC, ING, ORAN, RDS.A, TD, VOD
by: SA Eli Hoffmann

Excerpt from Barron's Weekly Magazine. Receive all our excerpts by signing up here:

Euro Dogs Still Having Their Day by Vito J. Racanelli

Summary: The 'Dogs of the Dow' is the ultimate contrarian system; it picks out-of-vogue companies from the 30-stock Dow Jones Industrial Average, selecting at the beginning of each year the ten stocks with the highest dividend yield. According to the theory, by year-end the group should have outpaced the index. A few years ago Barron's began tracking the performance of the Euro Dogs by taking the 15 top-yielding stocks from the 50 stock Stoxx index; it has outperformed ever since (19% vs. 14%). This year's dogs that trade on U.S. markets, dividend yield, and 2007 P/E:

France Telecom S.A. (FTE) 5.52 12.3
Enersis S. A. (ENI) 5.15 9.1
Deutsche Telekom AG (DT) 5 15.6
ABN Amro Holding N.V. (ABN) 4.7 10.4
BT Group plc (NYSE:BT) 4.46 13.6
HSBC Holdings plc ADR (HBC) 4.27 11.3
Vodafone AirTouch Public Company (NASDAQ:VOD) 4.27 12.8
Barclays plc (NYSE:BCS) 3.93 10.4
ING Group N.V. (NYSE:ING) 3.85 9.8
Royal Dutch Shell (NYSE:RDS.A) 3.64 9.5
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Related Links: Dogs of the Dow Week One, Week Two, Week Three, Week Four, Howling At The Moon: Dogs and Flying Five 2007 Stock Picks