Eagle & Beagle
We like our portfolios to mature like a pie baking — a steady progression that ends with a delightful treat.
Too hot and the crust chars; too cool and the middle is underdone.
But individual stocks often take a varied course, wavering and wobbling to and fro. But that method also can produce a sweet result.
The benchmark Dow fell more than 200 points Wednesday, closing below 15,000 for the first time in a month. On Friday, the Dow logged its best day in five months, adding more than 200 points. The blue-chip index ended the week up 0.9 percent.
Our eagle also steered a crooked course to its 7.4 percent gain. SandRidge Mississippian Trust I slipped a couple of days, but opened and closed the week strongly.
The morale: The pie may not always be cooked the way you want it, but what matters is how it tastes.
Enough with the half-baked metaphors.
Our worst-performing state-based stock last week was Tulsa-based AAON Inc., which makes and sells commercial heating and air-conditioning equipment.
AAON shares fell 4.3 percent last week. More impressive — and more significant — was that modest loss ended a five-week winning streak for AAON investors.
Since mid-April, the shares (current price: $31.82) have grown more than $4. And the stock sits not far off its 52-week high.
Meanwhile, the company declared a 3-for-2 stock split that will paid out next month in the form of a dividend and announced that its semiannual dividend will increase 25 percent to 10 cents.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) by Business Editor Don Mecoy.