Six Ways to Invest in Hawaii

Hawaii, the fiftieth state in the U.S., is the birthplace for some interesting people including, Barack Obama, Bette Midler, and Nicole Kidman.

Hawaii is also home to some interesting companies:

Alexander & Baldwin, Inc. (ALEX) is a Honolulu-based company which is in the business of shipping, real estate, sugar cane, and other agriculture. It is one of the largest landowners in Hawaii. The stock has a P/E of 13, a PEG of 1.6, and pays a yield of 2.8%.

Bank of Hawaii Corporation (BOH) is Hawaii's largest local bank, and Hawaii's second oldest bank. Its history can be traced back to 1897. The stock has a P/E of 14, a PEG of 1.78, and has a yield of 3.5%.

Central Pacific Financial Corp. (CPF) is Hawaii's fourth largest bank. The stock has a P/E of 104, a PEG of 1.64, and a yield of 5.1%.

Hawaiian Holdings Inc. (HA) owns Hawaiian Airlines, the 11th largest airline in the United States. The stock has a P/E of 31.

Hawaiian Electric Industries Inc. (HE) is the largest electric utility in Hawaii. The company supplies power to 93% of the Hawaii electric public utility market. It has paid dividends for 107 years. The stock has a P/E of 23, a PEG of 4.1 and a yield of 5.4%.

Maui Land and Pineapple Co. Inc. (MLP) has three divisions: Agriculture, Resort, and Real Estate Development. It owns the Kapalua Resort golf resort. The stock has a P/E of 33.

Disclosure: The author owns HA.

Comments

[ValueInvestor]

Also check out ML Macadamia Partners (NUT)

[noviceinvestor]

Thank you for the article.
I have a Yahoo Alert for Sugar Cane but for
a different type of investing that I am
interested in learning more about.
I didn't realize Hawaii had other
Companys you could invest in.

[MauiInvestor]

HE Industries also owns American Savings Bank, the third largest bank in the State of Hawaii. However, it is difficult to say if this is an asset or a drag on the company because the bank's financial performance is not disclosed separately.