Genco Hauls A Bulky Dividend
Summary
- Genco is a long-term turnaround story and dividend play.
- The company has laid out a value strategy to focus on deleveraging, cash flow and growth.
- This higher risk stock could provide investors with a boost to their income-producing portion of their portfolios.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GNK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Past performance is no guarantee of future results. Investing comes with risks. This article is neither a solicitation to buy or sell nor should it be considered as investment advice. You should do your own research before making an investment decision. Not all investments are appropriate for every investor. Consult your tax or investment advisor before investing.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.