Amcor looks like it is finding support at $14.25 and could trade up to $15.00.
With the stock on a 4% forward yield and earnings likely to grow at 4 – 8% p/a we think this makes a AMC a good buy-write strategy.
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The August dividend plus the call option income is generating over 10% annualised cash flow, whilst still allowing 5% capital growth over the next 6 months.
