SubscribeHigh Yield Dividend Play: Calumet Specialty (CLMT)
October 9th, 2007 • Related • Filed Under
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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