Pitney Bowes (PBI) 10/22/09 PriceWatch Alert Up To 15.67% Return
Posted: Thursday, October 22, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Pitney Bowes (NYSE: PBI) closed yesterday at $25.71. So far the stock has hit a 52-week low of $17.62 and 52-week high of $27.46. Pitney Bowes stock has been showing support around 25.35 and resistance in the 26.37 range. Technical indicators for the stock are Bullish and S&P gives PBI a positive 4 STAR (out of 5) buy rating. PBI appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 25 covered call (PBI AE) for a net debit in the $24.11 area. That is also the break even stock price for this trade. This covered call has an 86 day duration, provides 6.22% downside protection and a 3.69% assigned return rate for a 15.67% annualized return rate (comparison purposes only). Pitney Bowes has a current annual dividend yield of 5.57%. [THA-Seven Summits Research]
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