Rocky’s Weekly Stock Picks
This week we’re keeping it boring. Buying long-term holds is where we’re sitting at the moment. It seems to be Labor Day weekend, as well.
ACVF - $29.37/share. Under $30, buy. There should be an ex-div near the end of September. The pennies are gonna be rolling in, boys!
American Conservative Values Fund is our favorite safe space for money, even if the current yield is quite low.ECC - $11.20/share, ex-div 9/9. $0.14/share each month, for an annualized 15% return at the current share price.
OTRKP - $1.86, 9.5% on a $25 coupon. Cumulative, perpetual. Paid quarterly, but not really.
This is a healthcare company in the sphere of AI and telehealth. The share price continues to decline, and we' continue to average down. The last dividend payment we received was in February, which amounted to 50% of the total cost of our original shares.
It wouldn’t be a surprise to see the share price continue to drop as large dividends are being paid out. Equally unsurprising would be to see this company enter into a merger or acquisition.We’re not reading too much into it, and are accepting the potential risks involved.
NAK - $0.28/share. Options trade monthly. It may be more worthwhile to write them a couple months out as GTC orders.
Northern Dynasty is a mining company, heavily focused on the Pebble Project in Alaska. The resources found there are gold, molybdenum, copper, and silver. Despite many sticks that remain in the spokes, the project is going ahead.HAS - $78.71 , wow! For a stock that we’re happy to buy at $100 a share, this is a no-brainer.
Hasbro’s dividend is a mere $3.56% paid quarterly Options trade monthly.