03-18-2015, 08:57 AM
(03-18-2015, 08:48 AM)Kerim Wrote: PM below $77 this morning. Yield up to 5.2 percent. Not sure how much longer I can resist!
Still waiting for a while to add again here. As long as the dollar keeps rising, PM will continue to struggle. I don't see the dollar strength ending any time soon, especially with the Fed talking about raising interest rates.
With a near 100% payout ratio, an all but suspended share buyback program, and a high debt load, the risk/reward just isn't there for me with a 5.2% yield. I'd rather add a utility with a 4% yield that has a much clearer future.