Update On Our Industrial Stock

MSC Industrial Direct (MSM) went ex its $5.00 a share special dividend last week, meaning that the stock started trading without the value of its next dividend payment.

As a result, I am lowering my buy under price to $73 and my target to $83. If you owned the stock prior to Jan. 21, you will receive the $5.00 a share special dividend and a $0.75 regular dividend on Feb. 5.