[Opening Position In Burger King Holdings (BKC)]
Dear Member:
Burger King Holdings (BKC) has broken above the exponential 50 day moving average. A 6 cent per share dividend was announced on 5/23 and it will be paid on 6/27 to holders of record on 6/11. The company had a decent ROE of about 23%. I like the stock at a limit of $28.70. The first topside target looks to be around $30.40 and I will use a break of the 50 day moving average as the initial exit strategy.
DISCLOSURE: At the time of publication, I have no position in BKC.
Sincerely,
Bill Kraft
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