Buy Alert On (PAA)Plains All American Pipeline. Current 10.5% Dividend Yield.
Long/Short Equity, Deep Value, Contrarian, Special Situations
Seeking Alpha Analyst Since 2011
Uncovering select special situation stocks.
California Real Estate Broker
CEO and President of Gibralter Financial and Real Estate Services from 2001 to 2008.
CEO of All Valley Mortgage 1993-1995
Private investor, Author and trader from 1999 to present.
Summary
- Plains All American is in deep value zone offering a safe dividend of 10.5%.
- Company beat earenings and raised guidance on last conference call.
- In my view the stock is in a final shakeout mode.
I see a double in the next 6 to 12 months at the current entry level of $6.72 a share. (PAA) is in the extreme value and oversold level. I am buying right now at $6.71 and advise those looking for a yield of 10% to buy buy buy!
The stock has been showing signs of life and is in the final throws of a shakeout.
I just bought a lot more at $6.65 to 6.68. This is a timely opportunity and my level of certainty is very high!!!
Analyst's Disclosure: I am/we are long PAA.
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