I get a lot of questions each month from subscribers to my premium income newsletter, High-Yield Investing. With such a devoted following, I make it a point to read every single message. And every once in a while, I’ll come across a question from a subscriber that I think is worth sharing. #-ad_banner-#The following came across my desk from a subscriber, Megan P. from Phoenix, asking whether the strong dollar would present some attractive opportunities for investors. Q: Are there any high-quality dividend payers temporarily hurt by the strong U.S. dollar that could be attractive turnaround candidates? Here was my… Read More
I get a lot of questions each month from subscribers to my premium income newsletter, High-Yield Investing. With such a devoted following, I make it a point to read every single message. And every once in a while, I’ll come across a question from a subscriber that I think is worth sharing. #-ad_banner-#The following came across my desk from a subscriber, Megan P. from Phoenix, asking whether the strong dollar would present some attractive opportunities for investors. Q: Are there any high-quality dividend payers temporarily hurt by the strong U.S. dollar that could be attractive turnaround candidates? Here was my answer… Yes, there are some strong turnaround candidates that have taken a hit recently, and I’m tracking a few of them for my portfolio. For some background, the strong dollar has been a thorn in the side of many large multinational companies over the past few quarters. A stronger greenback not only makes exported goods less competitive overseas, but also erodes the value of sales conducted in foreign markets when revenues denominated in yen, euros and rubles are converted back into dollars. One such opportunity is Genuine Parts Company (NYSE: GPC). This specialty retailer is best known for… Read More