Coca-Cola is another counter-trend trade, (which we don’t normally advocate), however, with valuations stretched in most growth names we’re drawn to CCL on valuation grounds and encouraged by the company’s recently announced acquisition in the beer market.
CCL trades on a 5% yield and we’re now looking to sell the $8.50 call option into June 2018 to boost the annualised cash flow to 10 – 12%. Achieved through the option premium and the February dividend.
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