This week Intel (Nasdaq: INTC), Johnson & Johnson (NYSE: JNJ), and Mellon Financial (NYSE: MEL) all reported results, and all reported record results.
That's nice. It makes our work as investors much easier. We needn't try to figure out what went wrong. We do want to keep thinking ahead, though, and be aware of risk factors. This week, it was enough work just to digest the earnings reports but we survived.
Below are links to our news and commentary on the results. I wrote about Mellon and Johnson & Johnson for Fool News, while others (Paul Larson and Phil Weiss) wrote extensively and well on Intel's results. So, here's our coverage of the busy week:
- Mellon Financial Is Financially Savvy, Fool News & Commentary
- J&J Is More Than A-OK, Fool News & Commentary
- Intel Reports Results, Fool News & Commentary
- Intel's Results Analyzed, Rule Maker Portfolio
There Are Many Ways to Begin a Drip
One of our next chores is to begin our PepsiCo (NYSE: PEP) Drip.
The Drip Companies discussion board has been hopping since Wednesday with various ideas on how to buy our first five shares of Pepsi. The price differences between the various avenues of beginning are all within about $10 of one another, which is meaningful but not devastatingly so. The factors beyond price to consider are convenience and time, meaning how long it will take to start the plan under each method. If you're starting a Drip with any company that requires you to buy the first shares on your own, these are all issues (price, convenience, time) to consider.
You can use a discount broker with a low stock certificate fee and do the Drip enrollment legwork yourself; you can use a synthetic Drip program like ShareBuilder or BuyandHold if their buying commissions are lower than the fees that the Drip plan would charge you for optional purchases (some Drips charge $5 per purchase, so going with an outside provider like these two services is much smarter); you can use a service like Temper of the Times, who will conveniently get the ball rolling for you at a reasonable cost; or you can get your first shares from a friend who owns shares in certificate form they'll need to transfer them to you.
Whatever you choose, read any fine print carefully and make sure that you understand what you're doing. You can use the ongoing discussion on the board right now to help you.
We're doing so for our Pepsi purchase (thank you, everyone!) and so we'll be setting our buy process in motion by early next week. I know that is a little behind our planned schedule, but Brian's been on his honeymoon the past week (congratulations to Brian! BrianG@fool.com) and I'm still learning about the different possibilities for getting our Pepsi Drip started. It's no big deal, long-term. I just want to pay an OK price, use a convenient process, and have a timely sign-up as timely as possible, anyway. You should demand as much as you begin Drips.
By the way, Pepsi reported record earnings recently, too.
Other items that we want to tackle next: We'll consider what to do with Campbell Soup (NYSE: CPB), and we'll go over our poll results from last week to make more Drip Port improvements. (Vince began yesterday with a look at Harley-Davidson.) It isn't too late to vote in the poll, so please do so if you haven't.
Have a Foolish weekend!