Time to fill the stocking with stocks
Buy local is certainly a trend in the retail world.
But what about the stock market? Have you thought about investing in midstate-based public companies? We have.
In fact, we're launching a 2014 stock project that kicks off in the Jan. 3 edition of the Business Journal.
Of the companies that were on our June 21 public companies list, four have ties to the building industry and real estate.
How have they done in 2013? Let's take a look.
• Harsco Corp.: If you bought shares of the Wormleysburg-based company's stock on Jan. 2 and sold them last Friday, the return on investment, minus any broker fees, would have been 12 percent per share. The stock closed at $23.47 at the beginning of the year and $26.29 on Dec. 13, according to Yahoo Finance.
• Armstrong World Industries Inc.: The Manor Township company's stock closed at $52.39 to start the year. It closed Dec. 13 trading at $54.70 per share, which equates to a 4.4 percent return.
• Hersha Hospitality Trust: The Harrisburg-based company's stock closed at $4.93 to start the year. It closed at $5.46 on Dec. 13, which means a 10.8 percent return.
• Burnham Holdings Inc.: The Lancaster-based company is the big winner out of this group. Burnham stock closed at $13.77 on Jan. 2. It was at $19.35 on Dec. 13, which equates to a 40.5 percent return.
Time for a few last-minute stock stocking stuffers?
Want to know more about stock trends at Central Pennsylvania's biggest public companies? Tune in Jan. 3 for the first installment.