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3 High-Yield Choices To Buy On Pullback, Yields Up To 15.3%

Published Wed, 19 Jun 2019 08:30:00 -0400 on Seeking Alpha

Co-produced with Treading Softly and PendragonY for High Dividend Opportunities
Over the past number of months, we have been proud to highlight fantastic choices in the high yield space. Three of these choices have faced irrational pricing pressures that allow investors a second chance to buy into these securities before the opportunities disappear
Alliance Resource Partners - Strength in the Numbers
Since our first report released in March, Alliance Resource Partners' (ARLP) financial position has only improved. Recently, ARLP issued a lowered overall guidance for 2019 - this is due to the expectation that there will be lowered coal demand than originally forecast. This lowered guidance still allows for continued distribution growth and provides the capital needed to make additional growth in their royalties business. Oil and gas rights provide payments from companies that drill for the oil and extract it. ARLP has little commodity exposure and next to no capital costs except for the initial purchase price. This sector is littered with small players who would provide ARLP with easy bolt-on acquisitions to continue fueling their growth.
Right now, this new direction provides less than 2% of their total EBITDA. However, its return on investment is higher than that of new coal facilities. Years from now, I fully expect ARLP to see half if not more than half of its income derived from royalty payments as management transitions the company to being less coal dependent.
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
OXFORD LANE CAPITAL 9.73   0.0 0.00 1.62 16.65
EAGLE POINT CREDIT 16.14   0.0 -1.13 2.40 14.64
ALLIANCE RESOURCE PARTNERS L.P. 15.86   4.5 3.49 2.16 12.95
TARGA RESOURCES 39.28   0.0 -1.32 3.64 9.30


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