Author: David Peltier, Contrarian Outlook

The sharp market selloff in October has created some potential buying opportunities.

In short, their double-digit yields are in danger of disappearing.

Not all dividends above 10% are too good to be true.

These names are barely treading water against other income investments (and certainly not keeping up with the 7.2% average year-to-date dividend growth in the S&P 500).

Several years back, famed investor Peter Lynch was quoted as saying: “insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.”