A Once-in-a-Decade Opportunity: Buy This Magnificent High-Yield Dividend Stock That's Down 45%
You've probably heard the investing adage, "Don't try to catch a falling knife." The premise is that buying a stock that's in a clear downtrend can backfire because you can't know whether it will decline even further.
The old saying is often good advice, but not always. Sometimes, stocks that have fallen significantly and haven't rebounded are great picks.
United Parcel Service (NYSE: UPS) appears to be a good example, in my opinion. This magnificent high-yield dividend stock is down 45% since early 2022. However, I think this dismal performance now presents a once-in-a-decade buying opportunity.
Source Fool.com