Sonic Healthcare – buy the dip

As price action in Sonic Healthcare retraces back to $25, we recommend investors look to accumulate the stock and sell covered call options to enhance the yield.

Sonic goes ex-div on the 12th September.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks