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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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High Yield Dividend Play: Calumet Specialty (CLMT)

October 9th, 2007 • Related • Filed Under

CLMT

Calumet has been trading in what appears to be a symmetrical triangle pattern. I’m expecting a breakout to occur sometime within the next few weeks as the MACD indicator is reay to hit rock bottom.

The company pays out a 5.19% yield and has solid fundamentals which include the following:

– 43.81% return on equity
– 8.37% profit margin
– 10% EPS growth over the next five years
– Annual growth rate of 9.52% compared to next year’s 14.44%

Our recommendation: Buy shares of CLMT at or near $49. Place a stop loss below major support at $42.

Good investing…

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