With the market hitting the highs it has lately, any company that is selling for any kind of discount these days should probably be viewed with a certain bit of skepticism. After all, if there is so much confidence in the overall market, then something has to be deeply flawed with these companies. As is always the case with Wall Street, many of the things that dictate share price have to do with very short timelines that may not necessarily apply to an individual looking to buy and hold a stock for several years, especially when it comes to dividend stocks.
Three stocks that look incredibly cheap today that may not necessarily merit such a deep discount are Alliance Resource Partners (NASDAQ:ARLP), Verizon Communications (NYSE:VZ), and 8point3 Energy Partners (NASDAQ:CAFD). Here's why these high-yield stocks may be worth a spot in your portfolio.
Source: Motley Fool
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