Then it was big manufacturers like the automakers, as well as newspaper companies. ![]() Typically, it was a blue-chip stock, in a non-cyclical business - so that it never got too hot or too cold regardless of the economic climate - paying a big dividend where both the payout and the stock were considered "safe."Ī century ago, railroads, utilities and basic-materials companies like steel manufacturers were widow-and-orphan issues. The proverbial "widow-and-orphan stock," the kind of issue that was suitable to hold, presumably for life.
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