to be honest, this is kind of a shitpost. I was creating a list of stocks that I wanted to do covered call’s on and typed in CC into the search and turns out CC is a company.
My recommendation is to do covered calls on it, not only because of its ticker, but because it is a mid-cap chemical company that has a surprisingly diversified portfolio of basic material and chemical solutions.
It pays out around of a third of FCF through a dividend and even when compared to much larger players in the industry such as LYB, DOW, WLK, FCX, CF, etc. – It is much less cyclical not only when considering its revenue, but it has been able to keep a relatively stable operating margin and consistent cash flow generation.
This consistent cash flow generation has allowed it to allocate cash to share repurchases when management deems price is beneath value while keeping a now stable dividend of 3% at the current price.
I may look into this more seriously with good DD but this is a start
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