Rite Aid's recovery makes its high-yield bonds look good now
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.