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No. of Recommendations: 2
Hi Ken,

I'm working on catching up with the Buy First recommendations. The first one (alphabetically, BR) is very near it's 3-year high. Instead of buying the stock outright, would it be reasonable to sell a cash-secured put with the intention of getting put the stock and achieve a bit of a discount?

The question is not whether Broadridge is near its three year high but whether today's share price is near a three year low, looking back from April 2019. My crystal ball broke many years ago; I have no clue what the answer is. But the Pro team, folks much wiser than me, believe it will be going higher, thus it is a buy ... even a buy first.

If you are thinking of topping off your allocation then writing puts makes sense to me. If you are starting the position, I would suggest buying shares ... for at least half of your allocation. Put premiums can be nice but nowhere near as nice as share appreciation when a stock grows at North Star and better rates.

phooL on!

Lon.
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