3 Dividend Stocks Down Between 23% and 30% to Buy Right Now and Hold for a Decade
Great companies sometimes suffer setbacks.
Overview
It's a fact of life in the stock market -- every stock goes through a bad stretch at some point. Sometimes the down cycle can be just a few days, and sometimes it extends for a year or more and becomes hard to stomach.
But I always believe that investors should take a long-term view when considering their holdings. Because in the grand scheme of things, one bad year is a drop in the bucket of a company's lifespan. And if a company has good management and a sound business plan, then today's downturn provides prospective investors with an opportunity to take a position at a discounted price.
Details
Three dividend stocks that I have my eye on are Pool Corp. (NASDAQ: POOL), International Business Machines (NYSE: IBM), and McDonald's (NYSE: MCD). These are great companies going through a bad stretch and currently are down between 23% and 30% for the year.
Source
Originally published at www.fool.com.