This Dow Stock (and Soon-to-Be Dividend King) Recently Hit a 52-Week Low. Here's the Case for Buying It Anyway.
The reason for the pullback makes enough superficial sense. It's just not a permanent problem.
Overview
Stepping into a falling stock is never entirely comfortable. Even if it's a blue chip name, you can never really know until later precisely when it reached the bottom of its trough.
Nevertheless, for long-term, high-quality prospects, the time to buy is when they're on sale.
Details
With that as the backdrop, discount-minded income investors looking for a new holding might want to consider adding fast-food restaurant stock and Dow component McDonald's (NYSE: MCD) after the run-in it had with a new 52-week low last month.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.