There are many ways to find value on the stock market and one of them is called EVA or economic value added. EVA is a measure of the economic profit generated by a business over a given time by business over a given time period. Nick Winch is an account manager for Inovestor Inc which has a program called StockPointer which can measure EVA. In an article he was looking for the best companies with the strongest EVA in the past year and in addition had to have positive EVA for the past 1 year and 2 years. The EVA is difference between its profit and cost of investments to make that profit. In the article US Creating Shareholder Wealth published on June 23 in the Globe and Mail, Mr. Winch showed the top 20, the list below is top 15.

Company                            Ticker       Mkt Cap      EVA         EVA/Mkt Cap       Dividend Yield           P/E

(S Billl)      ($ Mill)             %                    %

Gilead Sciences                  GILD-Q     178.410      14,632        8.20                 1.44                            13.78

American Airlines                AAL-Q        29.548        1.967        6.66                 .0.96                            9.33

Apple                                    AAPL-Q    734.244      21,092       5.31                   1.64                           15.75

Autozone                             AZO-N         21.092        1,094       5.19                   0.0                              19.73

Lockheed Martin                  LMT-N         60.544        2,853       4.71                   3.14                            17.36

Cigna                                      CI-N          42.776        1,918       4.48                    0.03                           20.93

Avago Tech                         AVGO-N        37.089      1,597        4.31                   1.15                            61.55

Mead Johnson                       MJN-N         18.481         785        4.25                    1.81                           25.63

Intergrys Energy                    TEG-N           5.672         236        4.16                    3.78                            22.66

Moody’s                                 MCO-N          22.271       922        4.34                     1.14                           23.38

Amgen                                  AMGN-Q       123.743     5,009      4.05                     1.97                           21.96

CH Robinson Worldwide      CHRW-Q           9.383         375     4.00                     2.37                           20.43

L Brands                                    LB-N          25.413          940     3.71                      2.34                           22.82

Boeing                                        BA-N        100.702       3,642    3.62                     2.51                           18.23

Linking to dividend paying stocks, there are many methods to try to figure out if the company is the one where you should place your money into. Great companies tend to be a the top of any list which is good, from the above most of the companies pay a dividend which means you have lots of choices even by defining must pay a dividend. In the market we all have perfect information looking backwards, when we look forward we know there will be ups and downs, but there are methods to protect yourself and one method is looking for dividends. If the stock goes down in price and continues to pay a dividend you will be earning something. If you look at Apple with which has the greatest market capitalization and EVA there is lots of protection for you.

There are more questions than answers, till the next time – to raising questions.