No. Not crazy about being long anything much these days. The 5% yield level doesn't get me excited, either. But, I bought it last time around at $20~ when it yielded 9% in a better macro environment, so maybe I'm just hard to please.
I like CL for the longer term, see it as the perfect stock for these scary times; still like GTU for gold, like RIG and UCR in oil, and like in-the-money LEAP puts against the various indexes and XLF. I've cleaned up in puts over the past year, in retailers and financials, but think most of those are a little picked over for now and the premiums are too high.
I think the time is more right to bet against the general market, since that has held up pretty well in spite of all that seems to be coming down on us in the next couple of years and beyond. Bet against Goldilocks, late-to-sell perma-bulls that will learn, yet again( like in '00-'02) that everything that is down a little is not a bargain to be chased and that there is such a thing as a very ugly, sustained market decline. Time to hunker down and be be very defensive, and if you are a little aggressive, make a sizable bet on things getting worse.