K has got to be one oft the most boring stocks out there. It is positively geriatric. But it pays a 3.96% yield, an $82 fair value by Morningstar, and has a wide moat as a result of intangible assets and cost edge over competitors.
I expect the stock to break out of its short-term descending wedge by the end of spring, where it will enter the longer-term wedge indicated in the chart.
Given the long-lived lower support, I would be surprised by significant downside from here.
Dividend lovers who are sick of filing K-1s and dealing with OPEC foolery can accumulate some shares here.
I expect the stock to break out of its short-term descending wedge by the end of spring, where it will enter the longer-term wedge indicated in the chart.
Given the long-lived lower support, I would be surprised by significant downside from here.
Dividend lovers who are sick of filing K-1s and dealing with OPEC foolery can accumulate some shares here.
Comment:
And dividend lovers with large cash positions, sell cash-covered puts in the $53 to $55 range with April and May expirations.