DOW Dupont Chemical: Value play (6% yield)Graph says all. PE = NMF, they're losing money and stock's been in down channel for quite a while; but the dividend yield at $44 is 6.4%; analyst expectations estimates agree DOW is going to earn more next year in FY 2020 with resizing and trimming, efficiency improvements &tc. Revenue is growing; From $3.4 RPS FY 2019 is expected to go to $4.4 RPS next year and may become profitable again thereafter. Mean target price = $54 based on these estimates. Still paying the >6% dividend; they pay you to wait, and you can sell weekly or monthly calls every month forever. I did a buy-write on just 200 shares/2 Oct calls.
Will add more if we get a full correction; support is around $40, so you can sleep at night holding these over long-term. It's a "Dogs of the Dow" theory value play!
This is not investment advice, just a pretty darn good trade idea IMO; trade at your own risk and consult a certified financial advisor before you plunge in here; GLTA!
