After two months, 25 of the Yonder 40’s individual stocks are down and some are down by quite a bit. Is this because small and medium-sized firms have had a tough summer?

"> The Yonder 40 Is Lagging; How About the Rural Economy? - Daily Yonder

The Yonder 40 Is Lagging; How About the Rural Economy?

Yonder and DowAfter two months, 25 of the Yonder 40's individual stocks are down and some are down by quite a bit. Is this because small and medium-sized firms have had a tough summer?

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The Yonder 40After two turbulent months of trading, the Yonder 40 index, 40 publicly traded companies that reflect the rural economy, is down by a smidgen more than three percent. The Yonder 40 is down more than the Dow, the NASDAQ and the S&P 500, all broader measures of the nation’s economy.

Why is the Yonder 40 off by more than the other indexes? Here's one guess.

The S&P 500 is down by about two percent since July 1. However, another measure of the S&P 500 — one that makes an equal investment in each of the 500 stocks of the index — is down nearly four and a half percentage points for the two months. That may help explain what’s happening in the markets and why the Yonder 40 is off by more than the standard indexes.

The regular S&P 500 is weighted by the size of the company. Wal-Mart is a big company, so Wal-Mart is a bigger proportion of the regular 500 index. But the Rydex S&P Equal Weighted Fund (RSP) makes an equal investment in each of the 500 stocks. Equal weighting turns the S&P 500 into a different beast. Instead of being controlled by large corporations, the RSP is more of a mid-sized fund.

Yonder vs. Dow

The Yonder 40 is equal-weighted, too — and like the RSP the 40 is more a reflection of small or mid-sized firms. The Yonder welcomes opinions of others, but it appears the past two months have been hard on mid-sized firms, particularly ones doing business in rural areas.

Within the Yonder 40, there are significant differences in stock performance. Twenty-five of the 40 stocks are down since July 1. (See list below.) Eleven are off by more than ten percentage points — and Stage Stores is down by more than 17 points. The gun-maker Sturm Ruger, meanwhile, is up by more than 17 percentage points.

The Daily Yonder, however, defers to its readers for more learned commentary!

 

Companies

Ticker

Price August 31

Percent Change for Week

Price Change for Week

Percent Change Since July 1, 2007

Alico Inc.

ALCO

51.15

0.7%

$0.35

-16.1%

Andersons Inc.

ANDE

47.26

1.7%

$0.79

4.3%

Burlington Northern Santa Fe Corp.

BNI

81.15

0.7%

$0.60

-4.7%

Berkshire Hathaway

BRKB

3,890.00

-2.6%

-$105.00

7.9%

Bassett Furniture

BSET

11.54

1.4%

$0.16

-15.5%

Peabody Energy Corp.

BTU

42.51

-0.2%

-$0.09

-12.1%

Cabela's Inc.

CAB

23.63

-3.4%

-$0.84

6.8%

ConAgra Foods Inc.

CAG

25.71

0.4%

$0.11

-4.3%

Cato Corp. Cl A

CTR

22.07

3.5%

$0.75

0.6%

Citizens Communications

CZN

14.51

0.7%

$0.10

-5.0%

Deere & Co.

DE

136.06

4.5%

$5.80

12.7%

Dean Foods Co.

DF

26.86

-3.1%

-$0.85

-15.7%

DIRECTV Group

DTV

23.33

0.9%

$0.21

1.0%

Family Dollar Stores Inc.

FDO

29.28

4.0%

$1.13

-14.7%

Fleetwood Enterprises Inc.

FLE

9.32

0.5%

$0.05

3.0%

FairPoint Communications

FRP

16.73

0.0%

$0.00

-5.7%

Gaylord Entertainment Co.

GET

51.35

-1.8%

-$0.96

-4.3%

Hormel Foods

HRL

35.63

-0.3%

-$0.12

-4.6%

International Speedway Corp.

ISCA

47.08

-1.6%

-$0.78

-10.7%

Lee Enterprises

LEE

17.37

-3.1%

-$0.56

-16.7%

Mohawk Industries Inc.

MHK

87.31

-0.4%

-$0.33

-13.4%

Monsanto Co.

MON

69.74

2.6%

$1.75

3.3%

Mine Safety Appliances Co.

MSA

47.92

-4.2%

-$2.08

9.5%

Southwest Bancorp

OKSB

21.34

-5.5%

-$1.24

-11.2%

Plum Creek Timber REIT

PCL

41.93

0.1%

$0.05

0.6%

Penn Virginia Corp.

PVA

39.91

-0.6%

-$0.26

-0.7%

Ralcorp Holdings

RAH

61.79

7.0%

$4.06

15.6%

Regions Financial Corp.

RF

31.3

-4.2%

-$1.38

-5.4%

Sturm Ruger & Co.

RGR

18.24

-5.6%

-$1.09

17.5%

Smithfield Foods

SFD

32.73

-2.6%

-$0.87

6.3%

Skywest Inc.

SKYW

25.13

-1.2%

-$0.31

5.5%

Southern Co.

SO

35.49

-1.7%

-$0.63

3.5%

Stage Stores Inc.

SSI

17.33

1.2%

$0.20

-17.3%

Tractor Supply Co.

TSCO

48.16

0.1%

$0.03

-7.5%

Tyson Foods

TSN

21.55

-1.4%

-$0.31

-6.5%

UST Inc.

UST

49.28

-0.8%

-$0.40

-8.2%

Waddell & Reed Financial Inc.

WDR

24.84

0.4%

$0.10

-4.5%

Walter Industries

WLT

25.28

2.2%

$0.54

-12.7%

Wal-Mart Stores

WMT

43.63

-0.3%

-$0.11

-9.3%

Cimarex Energy

XEC

35.81

1.9%

$0.66

-9.1%

 

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