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| StatTrader |
 Posted: Sun Apr 30, 2006 7:22 am Post subject: SLE |
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Member Of The Month! April
Joined: 08 Sep 2005
Posts: 407
This Month: 0
5243.32 e$
Net worth: 186,522.32
Portfolio Value: 181,279.00
Monthly Return: 4.06%
Trades this month: 0
Churn Rate: 0.00%Items
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Sara Lee has been in the pits since the beginning of 2005, steadily dropping from its high of $25 down to the $17.50 area.
The yellow line on the chart shows the down trend in SLE. This trend was finally broken last November. Since then the stock has bounced off the $17.50 level multiple times (see the red support line).
SLE now has firm support at $17.50, this then represents a bottom in the stock price. Once a bottom is reached, there is no guarantee that the stock will start marching up soon or ever. In the case of SLE though, the investor will enjoy a 4.4% dividend while waiting for the eventual hoped for break to the upside.
Bottom line: low risk, good dividend yield, good potential for a 10-15% capital gain over the next 6 months.
I own it. |
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| qtnatty |
| Posted: Mon May 01, 2006 3:48 pm Post subject: |
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New Poster
Joined: 28 Mar 2006
Posts: 9
This Month: 0
2062.01 e$
Net worth: 5,207.17
Portfolio Value: 3,145.16
Monthly Return: -5.73%
Trades this month: 1
Churn Rate: 0.00%Items
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| I own it too, but bought it around $22. I've been hanging onto it thus far hoping it might go back up and just hanging out collecting the dividend along the way... |
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| Im Not Warren Buffett |
| Posted: Mon May 01, 2006 5:22 pm Post subject: |
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CFO
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| I think that Sara Lee (SLE) isn't a good pick from a fundamental standpoint, they have too much debt and not enough predicted earnings growth to make the stock worth picking up in the high teens. I don't see this one having much room to run up toward $20, although I think that dividend funds will probably keep a pretty good floor under the current price due to the large yield... but thats just my takeoff on the technical indicators. |
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