Telecom Corp. of New Zealand (symbol: nzt) is a high yield winner that will be headed north as income investors trade in their bonds in favor of high yield stocks.

With a yield 0f more than 6% and a stable price this stock would fall into the high yield category. In addition this company has taken a recent slump, and it should rise by about 10% over the next few months, and an additional 8% before 2006 is over, and that doesn't even include the div. that is extremely stable. This stock is just like a bond but the yield is higher the risk is less and there is a big chance for appreciation. If you like high yield stocks or would like a safe foreign play this stock is for you. It trades as an ADR on the NYSE under the symbol "NZT".

disclosure: the author owns stock in NZT