SLM Corporation
Long

SLM long term holding

107
Been accumulating SLM. Adding at today's open. Sallie Mae is the ONLY govt sponsored Biz Entity to be almost unscathed during the 2008-2010 debacle that bought down FNM- Fannie Mae ; and FNM- Freddie Mac. Per share dividend yield is 6%. Cd's and Govt Bonds are paying much less. If you're patient and want to hold to 5 years - Look for $ 24/ per share and 8% per year in dividends 48 months out. Trade Plan: long $10.25 stop $9.20, look for next p/back to add (if not currently invested).

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