ODP is a Great Spec Buy
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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.