In this month’s Dividend Hunter column for Master Investor magazine I looked at some of the highest yielding stocks in the FTSE All-Share.
Not to buy them of course, because the dividend yield on its own is a crude tool at the best of times.
Instead, I was interested in finding out which companies have crashed and burned and what lessons can be extracted (for free) from their mostly unhappy situations.
One major recurring theme was an excessive use of debt, which afflicts all but one of these companies.
And the one company that doesn’t have excessive amounts of debt? It might actually be a bargain:
Unearthing bargains among high yield stocks