Part of the rotation into defensive staples as investors look for boring, value-oriented assets.

Described as 'dirt cheap,' trading at a single-digit P/E ratio with a 7.25% dividend yield. The investment case is for a potential 50% capital gain from P/E multiple expansion, in addition to the high dividend.

Cited as an example of a company with weak pricing power that has had to absorb tariff costs, which negatively impacts its profit margins.