February 21, 2024

utah778

Introduction

In uncertain times, the Central Securities Corporation (NYSE:CET) (the “Company“) provides, among other things, an investment portfolio (the “Portfolio“) that has stood the test of time, management continuity, a reasonable expense ratio, a discount to net assetMorningstar

Ticker Symbol Cost

Value

(Millions)

% of

Portfolio

The Plymouth Rock Company 0.7 284.2

23.3

1982
Analog Devices, Inc. ADI 5.5 77.0 6.3 1987
Alphabet Inc. Class A GOOGL 26.0 65.4 5.4 2015
Progressive Corporation PGR 25.7 60.6 5.0 2015
Hess Corporation HES 15.1 55.8 4.6 2017
AON plc AON 29.1 48.6 4.0 2020
Motorola Solutions, Inc. MSI 6.8 46.3 3.8 2000
The Charles Schwab Corporation SCHW 25.7 38.4 3.2 2016
American Express Company AXP 19.8 34.3 2.8 2015
Meta Platforms, Inc. META 30.3 30.0 2.5 2021

Value & Growth Measures Investment Cat. Average
Price/Earnings 16.49 18.62
Price/Book 2.66 4.04
Price/Sales 2.87 2.11
Price/Cash Flow 11.46 13.88
Long-Term Earnings % 10.01 9.66
Sales Growth % 10.42 12.08
Cash-Flow Growth % 5.54 8.70
Book-Value Growth % 5.74 5.09
Investment as of Sep 30, 2023 | Category: Large Blend as of Nov 30, 2023