We have another New Trade for our Weekly Wrap on a stock we have followed for over a decade. Shares have pulled back to the low teens and the dividend yield is north of 13%. We can also use options to lower our cost basis.
The company is a REIT and although the sector has been out of favor lately, prices are bottoming and we feel very safe getting in at current levels.
Subscribers, check the Weekly Wrap Premium section for the New Trade and we will be back Sunday night with the Weekly Wrap and a full report.