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Noland Langford, chief executive officer at Left Brain Investment Research, says that in a market where decent yields are hard to find, Rite Aid Corp. has high-yield bonds that should deliver, paper that was issued while the company was struggling but which feels better and safer now that new leadership -- along with an economic boost from the pandemic -- has helped the company and the stock recover from past troubles. In addition, Langford identifies another income-generating asset worth a look now.
By Brian Dress5
33 ratings
Noland Langford, chief executive officer at Left Brain Investment Research, says that in a market where decent yields are hard to find, Rite Aid Corp. has high-yield bonds that should deliver, paper that was issued while the company was struggling but which feels better and safer now that new leadership -- along with an economic boost from the pandemic -- has helped the company and the stock recover from past troubles. In addition, Langford identifies another income-generating asset worth a look now.