Summarized by Kent Larsen
Mormon Stock Index Adds 4 companies, Rises Nearly 2 Points
Kent Larsen 10Jul00 B4
NEW YORK, NEW YORK -- Mormon News subscribers helped identify four
additional stocks that qualify for the Mormon Stock Index, raising
the number of stocks in the index to 22 and increasing the market
capital it represents above $180 billion. The performance of the
index itself, both before and after adding the four stocks, increased
about 1.5% during the week, a little less than most indicators for
the entire market.
Leading the stocks in the index was newcomer NuSkin, which saw its
stock rise by nearly 11 percent for the week. NuSkin's stock seems to
be bottoming out finally, after a long downward slide from its IPO
price of about $30 a share in 1997 to its close last week at $6.375.
The other stocks posting large gains were the "blue chip" stocks in
the index, First Security Bank, Host Marriott and Marriott
International, along with newcomer Micrel Semiconductor.
But the effect of these gains were partially offset by dives in two
of the high-tech stocks in the index. Caldera Systems, a vendor of
Linux OS software and Linux programming services, dropped nearly 14%
for the week amid fears about the effect of increasing competition in
the market. Already this week Caldera is down almost another 20%,
after analysts at Bear Sterns downgraded the stock because of the
fears. The other stock, Netrix, a provider of telephone services over
the Internet, declined more than 12 1/2%, also amid fears of
increasing competition.
Company | LDS Executive | Closing Price | Change |
Albertsons | Richard L. King, President &COO | 34.5000 | up 1.2500 |
Black &Decker | Nolan D. Archbald, CEO | 39.6250 | up .3125 |
Caldera Systems | Ransom H. Love, CEO | 11.2500 | down 1.8125 |
1-800-Contacts | Jonathan C. Coon, President &CEO | 45.4375 | down 1.5625 |
Dell Computer | Kevin B. Rollins, Vice Chairman | 50.6875 | up 1.3750 |
Franklin Covey | Stephen R. Covey, Chairman | 7.3750 | up 0.4219 |
Fonix | Steve Studdert, Chairman | 1.1094 | down 0.0156 |
First Security | Spencer F. Eccles, Chairman &CEO | 14.7500 | up 1.1875 |
Hollywood Entertainment | Mark J. Wattles, CEO | 7.7500 | down 0.1250 |
Host Marriott | Richard Marriott, Chairman | 10.0625 | up 0.7031 |
I-Link | John Edwards, Chairman & CEO | 5.2188 | down 0.1562 |
Iomega | David J. Dunn, Chairman | 4.0000 | unchanged |
Marriott International | J.W. Marriott, Jr., Chairman | 38.9375 | up 2.8750 |
Micrel Semiconductors | Ray Zinn, Chairman and CEO | 47.1250 | up 3.6875 |
Myriad Genetics | Christopher L. Wight, VP, General Counsel | 150.6250 | up 2.5469 |
Nationwide Financial | Dimon McFerson, Chairman | 34.8125 | up 1.9375 |
Novell | Stewart Nelson, COO | 9.2188 | down 0.0312 |
Netrix | Lynn Chapman, President &CEO | 10.7500 | down 1.5625 |
NuSkin | Most of Management is LDS, including Chairman and CEO | 6.3750 | up 0.6250 |
Ryder Systems | Tony Burns, CEO | 18.9375 | no change |
Ten Fold | Gary Kennedy, President and CEO | 17.0625 | down 0.4375 |
Zions Bancorp | Harris Simmons, Chairman | 47.3750 | up 1.4844 |
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