Just new to this stock. What caused big price drop from March? A buy here? Thanks.
If you are interested in SFL then you must become familar with FRO, an oil tanker company that still owns 18% of SFL. SFL in my opinion is primarily a dividend play.If investors feel oil tanker rates are holding or going up then SFL will trend up. However, since the first quarter tanker rates have been a little soft so SFL is drifting.My guess is the $1.80 divy is safe, extra $.05 ???, the stock price may drift to low $19s into August. It should get stronger by end of August when earnings come out.
What is this oil tanker company that you are talking about? Do they own one of the teams? When I bought my Southern Football League shares nobody said nothing about no oil tanker company.