Today’s overvalued market is full of dangerous bubbles that threaten your retirement dreams.
I recently sold all of our VIAC shares days before the price collapsed 50%. Most bubbles don’t end this quickly, but all bubbles eventually end.
Blue-chip anti-bubbles also eventually end, as long as companies grow faster than is priced into the stock.
Today, this 9.6% yielding blue-chip represents the highest safe yield on Wall Street, protected by very stable cash flows, and a fortress balance sheet.
It’s 38% undervalued, trading at under 9X cash flow, and priced for 0.2% CAGR long-term growth, while analysts expect 20X faster growth.
It’s a Buffett-style “fat pitch” that I’ve bought about $120,000 worth over the past six months for my retirement portfolios.