Pitney Bowes (PBI) 10/28/09 PriceWatch Alert Up To 21.80% Return
Posted: Wednesday, October 28, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Pitney Bowes (NYSE: PBI) closed yesterday at $25.01. 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 24.63 and resistance in the 25.35 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 $23.86 area. That is also the break even stock price for this trade. This covered call has an 80 day duration, provides 4.60% downside protection and a 4.78% assigned return rate for a 21.80% annualized return rate (comparison purposes only). Pitney Bowes has a current annual dividend yield of 5.57%. [WBA-Seven Summits Research]
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