E Daily Stock Pick: Mercury General Corp

MCY Gains?

Adding the $2.52 annual estimated dividend to my $4.45 optimistic estimate of Mercury's price upside shows a $6.97 potential gross gain, per share, to be reduced by any costs to trade the shares.

If we put little over $1,000.00 today in Mercury General Corp at $45.55, we would buy 22 shares of stock.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.45 per share.

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