Looking for bargain basement deals in the high-yield space? The current yield is 15.03%, with trailing 1.09X coverage. Management has several growth projects due to kick into earnings in 2019. The market has discounted its price by 31% over the past year, but it has begun to come back - it's up 14% in the past quarter...
Take a gander at these performance figures for Summit Midstream Partners LP (SMLP), a company whose price/unit has been seriously pressured over the past year and year-to-date, greatly underperforming the benchmark Alerian MLP Index ETF (AMLP) and the S&P 500. SMLP had been up in the low $20s as recently as February '18, but then drifted down into the mid to low teen region, after its Q4 '17 earnings report. Over the last trading quarter, it has started to come back - it's up 14.18%:
Source: Seeking Alpha
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A 15% Yield For Patient Income Investors
Posted by D4L | Thursday, July 19, 2018 | ArticleLinks | 0 comments »________________________________________________________________
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