MPLX - I'm Buying The Dip On These 6-9% Yields
2024-05-26 08:00:00 ET
Summary
- Buying quality companies at attractive valuations with post-inflation income may be a winning strategy.
- Bristol Myers Squibb stock is trading below its value 10 years ago, with a 6% yield and a promising pipeline.
- MPLX LP stock is also trading below its value 10 years ago, with an 8.5% yield and strong cash flows from energy assets.
- Both stocks represent good opportunities on the recent dip in price.
The average wage in America has gone up significantly over the past 5 years, with 7-8% annual growth in the past couple of years alone. For households that carry low debt loads and mortgages that were locked at low fixed interest rates, this has resulted in higher disposable income with which to invest....
I'm Buying The Dip On These 6-9% Yields