Trade
Westinghouse Air Brake Technologies, dba Wabtec (WAB), offers two opportunities. As a long-term, buy-and-hold security at about $72, it offers steady, double-digit revenue growth, coupled with double-digit average returns on shareholders' equity, and the stock should double over the next five to six years. For the short term, combine the quarterly dividend of $0.12 with the $3.60 premium from writing the covered $75 October 2019 calls. If not assigned, the call premium and dividend will produce a 19.8% annual rate gain through the October expiration date. If assigned, the writer would collect the dividend,