Dividend Stock Yields 8%, Looks Oversold - Turnaround Buying Opportunity

Looking for bargains in the high dividend stocks bargain bin? This stock yields 8.25%, with trailing coverage of 1.11x, but it already started rebounding in Q1 '17, at 1.18x. Opportunity: It looks oversold and is less than 5% above its 52-week low and over 13% below analysts' consensus price target. It just had its best quarter in a year, due to prices improving in its industry - management also increased its pricing forecast for 2017. It has the lowest Net Debt/EBITDA ratio we've uncovered in the high dividend stock universe.

Ciner Resources LP (NYSE:CINR) is part of the Ciner Enterprises Group - it owns and manages Ciner Wyoming LLC - one of the world's largest and lowest cost producers of natural soda ash, a commodity that is used in many types of glass, soaps, detergents, paper and pulp, in addition to other categories. We think that CINR presents an attractive opportunity at its current price level of around $27.50, based upon its 8%-plus yield, its improving industry environment, and its low debt load, among other factors.

Source: Seeking Alpha

Related Articles:
- Charlie Munger's 10 Rules for Investment Success
- Early Warning Signs of a Dividend Cut
- The Best Dividend Stocks In The World
- Never Fall In Love With A Stock
- My 4 Largest Dividend Growth Stock Positions Have Double-Digit Lifetime Returns