07-11-2014, 10:02 AM
I sold out of my position in Potash (POT) yesterday for a 10% gain an used the proceeds to initiate a position in AT&T (T) this morning.
The move boosts my yield from 3.6% to 5.2% and I believe gives me a little more S.W.A.N. about the holding. With crop prices falling hard lately, along with natural gas, I think Potash could be hurting a bit come spring based on lower selling prices for fertilizer.
I think AT&T is a great value here at a 5.2% yield and I think the Direct TV merger and new product cycle from Apple will help its growth and hopefully provide upside to the dividend payout.
The move boosts my yield from 3.6% to 5.2% and I believe gives me a little more S.W.A.N. about the holding. With crop prices falling hard lately, along with natural gas, I think Potash could be hurting a bit come spring based on lower selling prices for fertilizer.
I think AT&T is a great value here at a 5.2% yield and I think the Direct TV merger and new product cycle from Apple will help its growth and hopefully provide upside to the dividend payout.