Finding Companies You Can Be “Proud to Own”
One of the things I always talk about is investing in what you love… It must match your values AND it should be profitable. In fact “proud to own” investing as I have labeled it involves “screening out” companies that don’t line up with your values and “screening in” companies and products that line up with your values. Your investments should also have great profit potential.
While online, I noticed Doris Day is turning 90 and she plans an animal friendly bash. She obviously loves animals. But can you make money investing in animals? First of all what are some opportunities when it comes to animals and investing. Yes we have bulls and bears on Wall Street, but that’s not what I’m referring to.
This past summer I bought my best friend. Yes you still can buy friends online. The friend I am referring to is man’s best friend…a dog. Milo Peroni has become an amazing part of our family. He is one handsome guy… Check out our Australian Shepherd:
Milo, “the Superdog” and how I get all of my stock ideas (kidding…well sort of)
If you love dogs, check out All Things Dog. Now if you are an animal lover like me, you can find all kinds of companies that line up with your love of animals such as:
- PetSmart (PETM), which has a vast variety of products and services for pets, including food, toys, grooming, on-call veterinarians, training services and day care.
- PetMed Express (PETS), a nationwide pet pharmacy. The Company markets prescription and non-prescription pet medications and other health products for dogs, cats, and horses direct to the consumer.
- Or how about VCA Antech (WOOF), which runs about 500 veterinary hospitals and diagnostic labs around the U.S.
- MWI Veterinary Supply (MWIV) is a leading distributor of animal health products to veterinarians across the United States of America. Products MWI sells include pharmaceuticals, vaccines, parasiticides, diagnostics, capital equipment, supplies, veterinary pet food and nutritional products.
Those are just a few that come to the top of my mind. Of these four examples, PetSmart has averaged almost 16% a year for the past 15 years while MWI Veterinary doesn’t have as long of a track record, but has averaged over 40% a year the past 5 years. Though we can’t just look at the past, it does show us that you can find companies that line up with your values and get good returns.
Who’s your favorite pet and what do you buy most for him or her?
As you look at investing there are many ways to profit from things you are already buying. Often that is how I find great investment ideas. Need help aligning your faith and values with your investments? I have created a special report on “How to Screen Your Investments”.