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7 Cheap Stocks to Buy That Could Double in 2017

Most of these stocks trade for $10 or less, and all have at least an outside shot of doubling your money

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Cheap Stocks to Buy: New Senior Investment Group (SNR)

Cheap Stocks to Buy: New Senior Investment Group (SNR)Stock Price: ~$10

New Senior Investment Group Inc (NYSE:SNR) is the first of the REITs, and I like this one not just because of its double-digit yield, but because it focuses on an increasingly important area: independent and assisted-living senior housing facilities.

SNR is one of the largest senior living facility owners on the market, with more than 150 properties across 37 states.

I do not like anything that relies on Medicare for its revenue since government can mess things up. So I’m very pleased that 100% of New Senior Investment Group’s income is generated from privately paying sources.

I always keep an eye on debt with REITs, but this is nicely capitalized with a debt-to-enterprise-value ratio of only 69%. Adjusted funds from operations (AFFO) — one of the most important metrics when it comes to REITs and their ability to pay their dividends — continues to climb. So the 10.3% dividend isn’t just high … it’s healthy.

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