We all love a comeback story. Steve Jobs. Tiger Woods. Mario Lemieux. These episodes tug at our heartstrings and make us believe anything is possible. The same applies to the stock market. You can make a fortune buying shares of a damaged company on the verge of a turnaround. And by getting in early, investors can often lock in robust yields.
Case in point: TerraForm Power Inc (NASDAQ:TERP). The partnership’s parent company, SunEdison Inc., filed for bankruptcy in 2016 following a downturn in the renewable energy market. Rising costs, weak revenues, and a high debt load hurt TerraForm’s results further. The business, however, has staged something of a comeback. New management, after Brookfield Asset Management Inc (NYSE:BAM) took a controlling stake in the firm, has energized the business. Last year, management outlined a three-part process to return to profitability, which focused on slashing costs, repairing the balance sheet, and boosting revenues from existing assets.
Source: Income Investors
Related Articles:
- 5 Select High-Yield S&P 500 Dividend Stocks
- A Winning Investment Strategy
- 5 Dividend Stocks With A 20% Yield In 20 Years
- 4 Industrial Strength Dividend Growth Stocks With Yields In Excess Of 2.7%
- Finding Low Risk Dividend Stocks
Blue Skies for This 6% Yielder
Posted by D4L | Wednesday, June 26, 2019 | ArticleLinks | 1 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
A great year for dividend growth stocks is one in which there are few dividend cuts and fewer companies that failed to raise their dividends...
-
Ultimately, dividend income and capital appreciation come out of one bucket. So focusing on total return, not just dividend yield, will help...
-
Countless people dream of being able to pay their bills with the cash they receive from their investments. But it doesn't have to be jus...
-
Verizon (VZ -1.75%) pays one of the biggest dividends in the S&P 500. The telecom giant currently yields 6.5%. That's one of the top...
-
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to re...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
-
The Financial Services Sector includes insurance companies, banks, brokerages, mutual funds and other similar companies. Before the 2008-09 ...
really over leveraged, and at a 52 week high?