Goodman Fielder Ltd [GFF.NZX] isn't what you would call a stellar stock in terms of underlying financial performance and returns to investors, there are better companies out there.
Having said that this stock has taken a significant hit in the last 3 months (see 12 month chart above) and is trading at more realistic valuations to the performance of the company.
The stock closed at $1.64 last Friday, a drop of nearly 40% on a November high of 2 bucks and a 52 week of $2.07 reached earlier in 2010.
At these price levels and current profitability, the stock is returning a solid gross dividend of over 8.5%.
Look to buy on further weakness if already on your radar for a good steady income.
Disclosure: I own GFF shares in the Share Investor Portfolio
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Long Term View: Goodman Fielder Ltd
Goodman Fielder turning on the DRIP
Goodman Fielder to improve bottom line in 2009
Why did you buy that stock? Goodman Fielder
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Goodman Fielder a Hedge against an economic slump
Goodman Fielder pie gets bigger
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UPDATE 1-Australia retail sales disappoint for 3rd month running - Reuters - The Australian *UPDATE 1-Australia retail sales disappoint for 3rd month running* *Reuters* ... * May retail sales +0.3 pct m/m, miss forecasts of +0.5 pct....
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