double bottom...1 Aug 2015 00:22
Technicals may show a dbl boTTom, but if we consider what the economy will be like end of year, if USA raise rates, then this and many stocks are buys. I would personally forget about technicals as we could be on the cusp of another crazy market come end of August, Sept.
I read today that the dividend will have to be cut by 2017, so proves my point about dividend guaranteed at 5.8%.
Your probably better of looking at AZN as they haven't raised there dividend as constantly as GSK, and do have a bigger cash balance to debt ratio.
Again, don't put all your eggs in 1 basket.
Chronicle Investor picked out Amlin and Lancashire as dividend satocks for 2015 in this weeks read...
I hold AZN, GSK and JNJ, sold Novartis this week after doubling in price over last 18mths. Though something tells me I shouldv kept it as it... Going to keep it in safe place place and use conservatively. Maybe 1/3 in Shire, GSK and AZN top ups if we get rates rise this year...
ATB