Stock price when the opinion was issued
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It should be considered higher risk income, but it has a long history. Management is decent. It has survived many downturns and has managed to grow. Unlock Premium - Try 5i Free
It's been a top pick of his over the years. He likes the way they structure their business, investing in diverse, established companies, mostly in the US. They pay a compelling yield, but is a volatile stock, Is less exposed than before to the vagaries of the economy, though the economy will still affect them.
Just reported earnings. The market was looking for some resolution on some of their partnerships, which he felt came out negatively. They also didn’t talk about any new partnerships. As a result, this had a fairly negative day today. He wouldn’t be surprised if it had another day or 2 of weakness and then probably stabilizes. They are going to continue to grow their distribution over time.