Nash Finch (NAFC) 11/20/09 PriceWatch Alert Up To 11.88% Downside Protection
Posted: Friday, November 20, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Nash Finch (NasdaqNM: NAFC) closed yesterday at $32.83. So far the stock has hit a 52-week low of $24.94 and 52-week high of $46.93. Nash Finch stock has been showing support around 32.24 and resistance in the 34.00 range. Technical indicators for the stock are Bullish and S&P gives NAFC a neutral 3 STAR (out of 5) hold rating. NAFC appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 30 covered call (NQW BF) for a net debit in the $28.93 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 11.88% downside protection and a 3.70% assigned return rate for a 14.67% annualized return rate (comparison purposes only). Nash Finch has a current annual dividend yield of 2.15%. [FBB-Seven Summits Research]
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