Kraft Replaces AIG on Dow: So Much for My Suggestions

Dow Jones added Kraft (KFT) as a replacement to AIG (AIG) in the Dow Jones Industrial Average [DJIA]. Dow Jones, a News Corp (NWS)  owned company blew the opportunity once again to restructure the DJIA. My suggestion to Dow Jones has been to change to a market capitalization weighted index from a price weighted index and to expand the index to at least 100 stocks. 

As far as KFT goes, it is a quality company with a nice dividend yield but it carries too much long term debt for my liking. KFT is a part of the food chain which is vital to the economy and is one of the stocks that we follow as part of the LakeView Restaurant and Food Chain Long/Short Strategy and Newsletter. 

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Comments

[rcraig:]

Man I sold my shares last year. Looks like they will cross the $36 mark real soon.

2008 Sep 22 04:47 PM