TheBulltrader
Long

CAH Buying Beaten Down Stock

NYSE:CAH   CARDINAL HEALTH INC
CAH is a beaten down stock that currently yields 3.64% (Pretty good). By no means, am I calling this "a bottom" because the stock has been deeply sold and I don't see any moving average or candlestick to say we are even near a bottom. However, the stock is at the 200 monthly average (this is good for first time buyers like me :P) as I am paying an "average price" of the stock and not over paying long-term. Secondly, even though the stock is underperforming, I get to buy it at a huge discount 42% discount from the all time highs. Third, the payout ratio is well below 37% which means the company can at this time afford to pay the dividend and oh by the way, they just raised their dividend (Yay! for longterm investors). So essentially, I get to buy a beaten down stock with 13 years of consistent dividend growth that the company can afford to pay and I get it at a big discount. Continue to follow me here at tradingview. Comment if you wish and I'll be friendly.

I use robinhood app to diversify my portfolio and buy longterm stocks and you can too! They are free to use and have no commissions.
Sign up here to get 1 free share of stock: http://share.robinhood.com/spenceb1
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out