Firms with Poor Projects and High Dividends

Firms with returns on equity at least 5% below their costs of equity and dividends that exceed their FCFE.

Data Used: Value Line database, of 5179 firms.

Date of Analysis: Data used is as of June 30, 1998

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on which companies are included in each industry


Company Name ROE - Cost of Equity Dividends/FCFE Cash/Market Value
Angelica Corp. -6.30% 422% 1.00%
Boeing -6.85% 149% 9.00%
Brown Group -5.55% 100% 15.00%
CBS Corp. -13.07% 140% 0.00%
Cen. Maine Power -8.08% 183% 3.00%
Chesapeake Corp. -7.90% 154% 9.00%
Chiquita Brands Int'l -10.03% 201% 13.00%
CKE Restaurants -5.64% 150% 2.00%
CMI Corp. -8.61% 303% 4.00%
Coca-Cola Enterprises -6.15% 513% 0.00%
Dreyer's Grand -6.69% 292% 0.00%
Enermark Income Fund -5.57% 344% 5.00%
Eskimo Pie Corp. -10.39% 104% 6.00%
Espey Mfg. & Electronics Corp. -6.70% 111% 76.00%
Genesee Corp. 'B' -5.31% 445% 78.00%
Haggar Corp. -6.98% 973% 1.00%
Hudson General -9.63% 190% 21.00%
ICO Inc. -5.56% 597% 82.00%
Int'l Multifoods -5.10% 135% 1.00%
Int'l Paper -8.71% 169% 2.00%
Lukens Inc. -12.49% 157% 1.00%
Martin Inds Inc Del -9.27% 1718% 36.00%
Overseas Shipholding -8.47% 996% 16.00%
Peerless Mfg. -5.36% 236% 5.00%
Portec Inc. -7.17% 125% 65.00%
Potlatch Corp. -7.66% 300% 1.00%
Pulaski Furniture -14.61% 6145% 3.00%
Rio Algom Ltd -5.11% 137% 25.00%
Seagram Co. -8.42% 104% 3.00%
Sears Canada Inc. -10.24% 193% 7.00%
St. Joe Corp. -7.26% 888% 7.00%
Temple-Inland -5.14% 137% 0.00%
Thermo Remediation -7.42% 227% 31.00%
Time Warner -13.84% 139% 1.00%
Toastmaster Inc. -6.04% 110% 0.00%
Union Camp -7.75% 499% 0.00%
Upper Peninsula Energy -5.31% 523% 2.00%
Western Resources -10.61% 1807% 3.00%


Last Updated on 7/1/98
By Aswath Damodaran