Buy These 7 Stocks for CHEAP

We're getting some mixed numbers on this one... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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View in browser SPONSORED Do You Own ANY 5G Stocks? CNN calls 5G "the lifeblood of the new economy." If you don't invest now, you'll regret it later. Click here for details on the top 5G stock... SAFETY NET A 6.5% Yield That May Not Be As Bad As It Looks Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Investors love shipping stocks these days because of their robust dividends. And with supplies constrained around the globe, marine shipping companies are able to charge higher prices to boost both their cash flows and the dividends they pay to shareholders. London-based Global Ship Lease (NYSE: GSL) owns 65 container ships that are used to ship goods worldwide. The company recently raised its quarterly dividend to $0.375 per share, or $1.50 on an annual basis. That gives Global Ship Lease an attractive 6.5% yield. But can the company maintain such a high yield? The data suggests it can't... but there's a key element that may save investors from a cut... Free cash flow, which had been positive for several years, swung into the negative column in 2021 in a big way - from $77 million in 2020 to -$204 million in 2021. However, in 2022, free cash flow is forecast to boom - estimates have it coming in at $314 million. Global Ship Lease recorded $50 million in free cash flow in the first quarter of this year. But that negative free cash flow number from 2021 is a big warning shot across the bow for dividend investors, and it takes the dividend safety rating down a few notches. SPONSORED Mind-Blowing Stock Story THIS can't be right, can it? What the son of a police officer did with $7,500 is ALL-TIME crazy... Check out the shocking true story here. Another factor tanking the dividend's safety rating is the five years the company did not pay a dividend between the beginning of 2016 and May 2021. We know that when the going gets tough, Global Ship Lease stops paying dividends. And keep in mind, the company was free cash flow positive for several years prior to reinstating its dividend. Negative free cash flow last year and the earlier suspension of its dividend mean that Global Ship Lease receives the lowest rating from Safety Net - an "F." However, Global Ship Lease does have one thing working in its favor. Management stated that the company's contracts with customers provide visibility into its cash flows over the medium term. Global Ship Lease said the average remaining term on its contracts is 2.4 years. So it is possible that the company will be able to maintain its dividend despite its low Safety Net rating. That said, if there are any changes to Global Ship Lease's contracts, its customers stop paying, or its contracted revenue doesn't come in as expected, a dividend cut is very likely given the company's history. Dividend Safety Rating: F If you have a stock whose dividend safety you'd like me to analyze, leave the ticker symbol in the comments section. (Note: Safety Net can analyze only individual stocks. It cannot analyze closed-end funds.) But first, be sure to check the Wealthy Retirement webpage to see whether I've written about your favorite stock recently. Click on the magnifying glass in the upper-right part of the page, type in the company name and hit "enter." Good investing, Marc Leave a Comment MORE FROM WEALTHY RETIREMENT Take Advantage of "Mr. Market" When He Gets Emotional Let Dividend Stocks Protect You From the Bear Market How to Short a Stock A Lesson to Teach Your Kids... and Grandkids Facebook Twitter Email Share Push Alert SPONSORED Join Marc Lichtenfeld's Easy Income Challenge... And discover a simple way to generate at least one income check every month! CLICK HERE You are receiving this email because you subscribed to Wealthy Retirement. 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