This stock is a joke...all hype with analysts upgrades and a target of $65. Yea right its more like sell on the rise and target = 35. Dead money....
Sentiment: Strong Sell
higher tax rate for div and cap gains in 2013 ,you need 5% to equal 4.8% div that you got in 2012
So go buy US treasuries then or hold cash in a money market account. Let me know how great of a return that gives you, hahaha.
Sentiment: Buy
You can say that about EVERY stock due to the coming Obama tax increases. There will soon be a COP dividend increase coming.
Sentiment: Strong Buy
A fine #$%$ you are.
Sentiment: Strong Sell
I just sold my third set of covered calls on the COP I own. On the first two, the strike price was not reached. For this third round, I don't care. If the strike price is reached, I will still make well over $700 on my initial buy in price and I got the call premium in advance. I do these in my IRA account so there is basically no paperwork. ANd the nice thing about doing it in an IRA, is you don't have to worry about not getting the dividends qualified if you don't hold the stock for over 60 days. I can buy in again at any time before the ex div date and get the dividends again. Another dividend coming in a few weeks makes this quite a good investment so far.
Since you hate it so much, please forward your "dead money" dividend to me when you get it in a couple of weeks.....
upgrade is conjob so a bigboy can unload! CLASSIC!
TheStreet CRAMMIT CRAMMER says NOTHING about dividend sustainability, notice that? CON-MAN.