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CenturyLink: When A Dividend Cut Secures A 9% Yield

Published Wed, 12 Jun 2019 07:15:05 -0400 on Seeking Alpha

"Be fearful when others are greedy and greedy when others are fearful."
That's the infamous motto of iconic investor Warren Buffett. Some of you might recall that he came to the rescue of some of the US banks that got themselves into trouble during the great recession. The deal he got was very attractive in hindsight, but his preferred shares in some of the largest financial institutions in the US could have gone wrong - very wrong.
As mere mortals, we don't have access to those deals nor do we have access to the capital to fund those deals. But we can be on the lookout for companies that have been beaten up and have a strong possibility of coming out of the doldrums a much stronger company and a much higher stock price.
What we try to do at The The Income Strategist is find opportunities that generate income, and they range from low-risk, stable income plays to higher-risk, higher-yield, upside potential plays. For example, we found an opportunity with Omega Healthcare (OHI), and shared it in our article A High Dividend REIT Chugging Along to Safety.
OHI had been struggling with the financial stability of several of its tenants but seems to have found solid ground and is well on its way to reestablishing itself as a premier healthcare REIT.
We also found another opportunity, this one a deep value stock which we think has hit bottom and where management has taken painful yet necessary steps to reverse the downward trend in the stock. In fact, they cut the... Read more