The original initiated price of this coverage was $22.95. Over the time span of this coverage, the underlying security paid 8 dividends, comprising 3.1% dividend income.
So PAG is up close to 100% from when I first recommended it, and I think it still has some room to move up. It's Q1 earnings were great, which has now given it a fairly conservative P/E Ratio.
In addition, it has just hit a new multi-year high, which to me could signal a nice run-up in the short term. The reason for being as conservative as I am is that the stock has already come up quite a bit in the last year, and in addition they will surely feel from of the effects of the earthquake in Japan and the supply disruptions that most car manufacturers are facing.
I guess they'll just have to sell a lot of Ford products....