Dividend is a Real Dividend. Gets Dividend
tax rate, No MLP. Run by a Billionaire. You think Cramer is smarter than SDRL? I don't. And they are earning the dividend. They have their Rigs on Long term leases. So the short term dip in rates should have little effect on their earnings. Just wait until the shorts need to cover this 12% dividend. I'm in. How about you?
I'm in also but I wish people would stop worshiping JF
He built his empire on debt. Everyone of his companies is loaded to the hilt with debt.
So he may be a billionaire controlling other peoples money and scooping things up on the cheap when parts of the empire collapse.
He will most likely be a billionaire long after most of us go bust.