Shares of ODP have performed well in the past several months, as turnaround efforts seem to be achieving favorable outcomes.
Even better, they are paying a 3.34% dividend while you wait, and the payout ratio of 52.6% seems manageable to maintain, and barring a plummeting of sales, seems safe to me. They're also cheap at 8x 2018 estimated earnings per share.
Shares are climbing nicely since I bought at $2.41 on May 21st (+22.34% not including dividends). This current pullback to the breakout level is holding as support, with additional support from the 200dsma slightly below at $2.85.
I'm adding to my position and highly recommend you consider this name in your portfolio for a longer-term spec play.
Even better, they are paying a 3.34% dividend while you wait, and the payout ratio of 52.6% seems manageable to maintain, and barring a plummeting of sales, seems safe to me. They're also cheap at 8x 2018 estimated earnings per share.
Shares are climbing nicely since I bought at $2.41 on May 21st (+22.34% not including dividends). This current pullback to the breakout level is holding as support, with additional support from the 200dsma slightly below at $2.85.
I'm adding to my position and highly recommend you consider this name in your portfolio for a longer-term spec play.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.