Dividends4Life: Blue Skies for This 6% Yielder

Dividend Growth Stocks News

Blue Skies for This 6% Yielder

Posted by D4L | Wednesday, June 26, 2019 | | 1 comments »

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

________________________________________________________________

1 comments

  1. sasha // June 26, 2019 at 10:57 AM

    really over leveraged, and at a 52 week high?

Post a Comment

Note: Only a member of this blog may post a comment.