Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer

TheStreet Ratings' stock model projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates.

While plenty of high-yield opportunities exist, investors must always consider the safety of their dividend and the total return potential of their investment. It is not uncommon for a struggling company to suspend high-yielding dividends which could subsequently result in precipitous share price declines.

TheStreet Ratings' stock rating model views dividends favorably, but not so much that other factors are disregarded. Our model gauges the relationship between risk and reward in several ways, including: the pricing drawdown as compared to potential profit volatility, i.e. how much one is willing to risk in order to earn profits?; the level of acceptable volatility for highly performing stocks; the current valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's valuation as compared to its stock's performance.

These and many more derived observations are then combined, ranked, weighted, and scenario-tested to create a more complete analysis. The result is a systematic and disciplined method of selecting stocks. As always, stock ratings should not be treated as gospel — rather, use them as a starting point for your own research.

The following pages contain our analysis of 3 stocks with substantial yields, that ultimately, we have rated "Hold."

World Point Terminals

Dividend Yield: 7.10%

World Point Terminals (NYSE: WPT) shares currently have a dividend yield of 7.10%.

World Point Terminals, LP owns, operates, develops, and acquires terminals and other assets for the storage of light refined products, heavy refined products, and crude oil in the East Coast, Gulf Coast, and Midwest regions of the United States. The company has a P/E ratio of 17.37.

The average volume for World Point Terminals has been 38,300 shares per day over the past 30 days. World Point Terminals has a market cap of $312.8 million and is part of the energy industry. Shares are down 15.3% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates World Point Terminals as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 19.6%. Since the same quarter one year prior, revenues slightly increased by 7.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • WPT has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.28, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for WORLD POINT TERMINALS is rather high; currently it is at 67.98%. Regardless of WPT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, WPT's net profit margin of 36.86% significantly outperformed against the industry.
  • WPT has underperformed the S&P 500 Index, declining 24.70% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

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Seaspan

Dividend Yield: 7.60%

Seaspan (NYSE: SSW) shares currently have a dividend yield of 7.60%.

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of February 28, 2015, it operated a fleet of 77 vessels. The company has a P/E ratio of 14.23.

The average volume for Seaspan has been 205,100 shares per day over the past 30 days. Seaspan has a market cap of $1.8 billion and is part of the transportation industry. Shares are up 3.8% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates Seaspan as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:
  • Despite its growing revenue, the company underperformed as compared with the industry average of 16.9%. Since the same quarter one year prior, revenues rose by 10.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for SEASPAN CORP is currently very high, coming in at 74.29%. Regardless of SSW's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, SSW's net profit margin of 14.66% compares favorably to the industry average.
  • SEASPAN CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, SEASPAN CORP reported lower earnings of $0.78 versus $2.94 in the prior year. This year, the market expects an improvement in earnings ($1.11 versus $0.78).
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. When compared to other companies in the Marine industry and the overall market, SEASPAN CORP's return on equity is below that of both the industry average and the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Marine industry. The net income has significantly decreased by 59.3% when compared to the same quarter one year ago, falling from $68.23 million to $27.77 million.

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Turkcell Iletisim Hizmetleri AS

Dividend Yield: 15.90%

Turkcell Iletisim Hizmetleri AS (NYSE: TKC) shares currently have a dividend yield of 15.90%.

Turkcell Iletisim Hizmetleri AS establishes and operates a Global System for Mobile Communications (GSM) network in Turkey and regional states. It operates in four segments: Turkcell, Euroasia, Belarusian Telecom, and Superonline. The company has a P/E ratio of 7.73.

The average volume for Turkcell Iletisim Hizmetleri AS has been 529,400 shares per day over the past 30 days. Turkcell Iletisim Hizmetleri AS has a market cap of $9.5 billion and is part of the telecommunications industry. Shares are down 27.9% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates Turkcell Iletisim Hizmetleri AS as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow.

Highlights from the ratings report include:
  • TKC's debt-to-equity ratio is very low at 0.22 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 2.57, which clearly demonstrates the ability to cover short-term cash needs.
  • 48.91% is the gross profit margin for TURKCELL ILETISIM HIZMET which we consider to be strong. Regardless of TKC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 8.45% trails the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Wireless Telecommunication Services industry. The net income has significantly decreased by 53.7% when compared to the same quarter one year ago, falling from $253.99 million to $117.53 million.
  • Net operating cash flow has decreased to $343.17 million or 23.52% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, TURKCELL ILETISIM HIZMET has marginally lower results.

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