While my financial stocks are staging a healthy rally this past week, my best performing stock is CTB.
I started purchasing shares of CTB in late June and I now own shares at an average price of $7.99 per share. One reason I purchased the stock was I believed that oil costs would go down later this year and this stock should preform well. The stock has performed very well since the price of oil has started to decline. I have a paper gain of 28.69% in less than a month holding the stock and a yield on original investment of 5.25%. I will look to sell this stock if it hits the high teens over the next 6 to 12 months.
To read my full write up on CTB, see Short Term Dividend Stock Purchase: Cooper Tire (CTB). This looks like a case of history repeating itself.
Disclosure: The Div Guy owns shares of CTB at the time of this post.
Dividend Stock Update: Cooper Tire and Rubber (CTB)
Posted by The Div Guy | Thursday, July 24, 2008 | dividend stock, investing, performance, stock, stock holdings, value investing | 0 comments »
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