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home / news releases / CCR - Consol Coal: Recent Dip Provides A Good Opportunity To Buy This 13% Yielding Stock


CCR - Consol Coal: Recent Dip Provides A Good Opportunity To Buy This 13% Yielding Stock

Thesis

Consol Coal Resources (CCR) has lost ~20% in price during the past nine months and currently trades at the lower end of its 52-week range. Besides, the stock is also way below its 50-day and 200-day SMA. CCR is a 13%+ yield North American coal pure-play that provides the tax advantages of an MLP and has a strong business model that enables it to generate stable cash flows. This provides an interesting opportunity for income investors to plant a high-yield stock in their portfolio that is quite likely to witness price recovery

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Stock Information

Company Name: CONSOL Coal Resources LP representing limited partner interests
Stock Symbol: CCR
Market: NYSE
Website: ccrlp.com

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