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CCLP - Earn 11% Yield To Maturity With CSI Compressco Bonds Maturing In 2022
CSI Compressco LP
CSI Compressco (CCLP) stock has cooled off from the short rally following the company's fourth quarter earnings announcement. Shareholders have also had to deal with the company cutting its dividend by more than 90% in January. The company's high yielding 2022 bond has had far more price stability over the previous 6 months. At a price of under 90 cents on the dollar, combined with a coupon of 7.25%, the bond yields more than 11% to maturity. Unlike the dividend, the bond's coupon can only be skipped in the event of a default. Therefore,