High Yield Dividend Play: Calumet Specialty (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…

More on this topic (What's this?)
High Yield, High Risk Dividend Stocks
More Principles of Dividend Investing
High Yield Indices = Roller Coaster
Read more on Calumet Specialty Products Partners, L.P., Dividend Investing at Wikinvest

Random Posts

Comments are closed.

  • Polls

    How Has The U.S. Recession Affected You?

    View Results

    Loading ... Loading ...
  • Improve the web with Nofollow Reciprocity.