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High-Yield Preferred Stocks, 11.5% Yield And Enormous Upside Potential, From Teekay Offshore

Published Sat, 09 Feb 2019 15:15:00 -0500 on Seeking Alpha

Co-produced with Long Player and PendragonY for High Dividend Opportunities.
Following the market correction that we saw at the end of 2018 and the tax loss-selling, the vast majority of preferred stocks pulled back. While most fully recovered since, there are some pockets of opportunities that remain overlooked by investors. We have been publishing a series of articles on undervalued high-yield preferred stocks. In our most recent reports, we highlighted the preferred stocks of Landmark Infrastructure (LMRK), Compass Diversified Holdings (CODI), and the Enstar Group (ESGR). All were significantly undervalued at the time of our publication and yielding between 7% and 12%. To access the report on our most recent high dividend picks, click here.
In our report today, we will highlight two preferred stocks that have pulled back recently following the market correction that we saw at the end of 2018 and never recovered. These preferred stocks are:
Teekay Offshore Partners, 7.25% Series A Cumulative Redeemable Preferred Units (TOO.PA), or TOO-A. TOO-A continues to drift lower, and is currently trading around its 52-week low and yields 11.8%. Teekay Offshore Partners, 8.50% Series B Cumulative Redeemable Preferred Units (TOO.PB), or TOO-B. TOO-B is also close to its 52-week low and yields 11.7% We will explain why both preferred shares now offer a highly opportunistic entry point with an enormous upside potential of 30-40%.
About the Issuing Company
TOO-A is a preferred... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
TEEKAY 4.42   0.0 -1.53 0.11 2.53
PETROLEO BRASILEIRO 14.71   11.9 1.24 0.31 2.11


Older articles featuring Teekay (TK):
13.7% Yield With Over 9 Years Of Coverage: Dynagas LNG Partners Preferred
11.1% Yielding Portfolio With Good Coverage And Decent Growth Prospects
Low-Risk 9% Yield Opportunity In The Teekay LNG Preferred Shares (A)
Hoegh - An 8.5% Yield Which Is Well Covered
A 9.2% Yielder With Interest Rate Protection
Shipping Preferred - 8.40% Yield From This Volatile Sector - 11/10 Update
Dividend Growth Portfolio August 2017 Performance And Outlook
TK 2020 Bonds: A High Conviction Long Yielding 12%
Stocks Trading Ex-Dividend on 10/26/2016
You Must Be Crazy! (YMBC) -A Small Cap Value, High Yield Portfolio - Q3 2016 Review