IMHO, suggest you jump in now. I personally had some small profit in divs and stock price, but then sold way too early (low 50's). Am now scaling back in, bec divs are very attractive, we retirees need and will pay for solid hi-div-paying stox like FRO and company. So even though it takes a nosedive now and then, i'd rather be in than out. I'll keep buying FRO for my own account, and for my wife's, on any dips below high 50's. GLTA longs. sf
i agree with your theory of investing for the long term and watching the stock appreciation and collecting incredible dividends.Can't figure out the motive for the 5/1,unless he is positioning the company to acquire OSG,even if he has to sell off the OSG US assets for the deal to be approved.