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Ship Finance International Limited Message Board

  • I bought back into TAL yesterday during its drop. With the dividend increase it has a 6.5% yield. CS has a $52 price target on the stock.

    Also, I'm wondering if anyone has looked into or own GLNG or GMLP? Of the two I think GLNG is the better opportunity. It seems to have some good growth prospects through new deliveries and drop downs.

    Is anyone else concerned about the pending FRO & SFL earnings reports? I have a feeling FRO is going to drag down SFL like the fall of 2011...but I can't seem to find any hard evidence only the directionality of the BDIY and the news about refusing charters earlier in the year.

    Also, I'm not sure we're going to get a big summer pull back in the S&P 500. I think since everyone is expecting it and because investors are hungry for yield I can't see more than a 10% correction. The economy isn't great but its not that bad either. I think with the aging demographics people are retiring and consuming less.

    Thoughts?

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    • pay.back...TAL (yield about 6%) is probably OK but I don't care much for GLNG or GMLP, they keep saying that GLNG and GMLP will do a lot better in the future (I want to see good results now and not in the future)....

      FRO could pull SFL down a bit because about 1/3 of their business if with them....however, SFL would take the ships back and release them (maybe for more money) or scrap them out and use those funds for other purposes...FRO could hurt SFL on their 'short term revenue stream' but it would probably be a buying opportunity for us...

      Every stock I own has some amount of risk and that is why I always play the high yield, the high yield always gives us 'more slack to play with'...i.e. my long term dividends on SFL are almost as much as the value of my holdings...that said, I enjoyed reading your 'outstanding message' on the TAL message board (good for you)....! $tagg...!

      • 2 Replies to staggman99
      • stagg,
        stay tuned on the Golars. There is more uncertainty and thus more risk and they could well go lower. If either does, I will continue to add to my positions on both at predetermined intervals. My orginal cost basis is still low with the majority of my postition accumulated Dec '10 - Feb '11. Wells Fargo Advisors has it at the top of their outperform list but recognize it is a 2014 - 2015 story. Newbuild deliveries start this year so they will be in the spot to mid-term market but significant amounts of new LNG export are to start coming on line in late 2014 and beyond. I am also influenced by the fact that GLNG is the largest single holding of JF outside of his privately held family entities. The George Soros family trust is also a major holder of GMLP units.

      • TAL is my only shipping stock. Should have added in the one day discount but didn't. I'd like to get back into SFL but will wait for the reckoning from their oil and dry bulk problem children. Remember, SFL was a spinoff from FRO so their managements are intertwined (John Fredriksen). I don't think SFL will be fast to pull the rug out from under FRO. But that's just idle speculation on my part.

 
SFL
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