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Ship Finance International Limited Message Board

  • divielover divielover Oct 8, 2008 10:16 AM Flag

    Wall Street Journal Transcript

    (Folks, don't worry and don't panic. Income stream will be good for years... buy on any dips)

    TWST: Ship Finance sounds more like a finance company than a shipping company.

    Mr. Nokta: It's sort of the opposite of Nordic America, because they've got all their ships - they've got rigs as well - so they've got vessels on 10- to 20-year contracts. Right now they pay out maybe $2.30 as a dividend, so it's roughly about an 8% or 9% dividend yield and it's something you can count on for the next 15, 20 years easily, based off of the contracts. It's one in this environment where there is a lot of fear in not knowing how long this cycle is going to last. This is a company that has very long-term contracts with some of the best counterparties. And they are pretty low rates, where you don't have to worry that there is going to be reneging of contracts. And so the yield that's there will continue to grow because they've got assets being delivered over the next few years.


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