2Q 2010 results will be announced next Thursday ...
What is everyone's prediction for the dividend? Last quarter the dividend was raised to 33 cents per share from 30 cents per share the previous quarter.
I predict another increase of $.03 to $.36 ...
..."you who are interested in SFL, you can now sell the Feb $15 put for at least 95 cents.....possibly more as that is the bid!
YEAH, AND PAY THE PRICE WHEN SFL MOVES UP AFTER THE EARNINGS REPORT.
that is a bigger premium than you will receive by holding the stock and collecting 2 37 or 40 cent distributions between now and that time....and you only put $15 at risk.
OOPS, EARNINGS REPORT JUST OUT SAYS THIS IDIOT WAS HUSTLING US TO PICK UP A FAST BUCK, BUT IS NOW LOSING HER BUTT ON THIS RISKY OPTION PLAY. YUK YUK
that is the recommended was to aquire this stock or at least collect some decent money even if the shares don't come to you.
good luck, and remember Get the Facts was pumping EXM when it was at $40 stock and now it is $5 and some change."...
YEAH YOU'RE RIGHT sid. I OWNED A TON OF QUINTANA MARITIME WHICH WAS MERGED INTO EXM WHERE I PICKED UP OVER $400,000 CASH AND A TON OF EXM STOCK WHICH I TRADED FOR A TON OF DSX STOCK FOR THE 9% DIVIDEND AND RODE DSX UP TO $60 BEFORE I SOLD IT AT $52/SHR WHEN THE STOCK MARKET STARTED TO CRASH IN 2008. SAT ON THE MONEY AND BOUGHT A TON OF SFL IN MARCH OF 2009 AT $6.24/SHR FOR THE 20% DIVIDEND AND TOOK THE STOCK DIVIDENDS AND BOUGHT MORE SFL WITH THE CASH DIVIDENDS.
NOW THAT'S HOW YOU MAKE MONEY IN THE STOCK MARKET AS OPPOSED TO GAMBLING IN STUPID RISKY OPTION TRADES LIKE sid DOES!!!
Susan (sid66, fasstcarman & etc.)...You are cracking me up (lol)...stop it...you are running our stock (SFL) down in price...when G-facts finds out you are back he will have some YUK's, YUK's, for you...! G-facts loves to tease people and you will just get him started...!
Board members...A small increase in the dividend will not change anything except it will make the company (SFL) look good...! JF and family are major shareholders and when the dividends are increased they benefit...I look for a dividend increase of three cents...!
...."I predict another increase of $.03 to $.36 ..."
Another 10% increase is absolutely in the cards. Since the dividend was cut in half March, 2009, SFL announced they didn't need to but were doing so to accumulate cash for accretive acquisitions. This premise was based on many financially troubled tankers selling out cheap because they lacked the fincancial muscle of SFL. Unfortunetly not too many bargains materialized and SFL is now sitting on more than $100Mil, with revenues guaranteed to grow nicely far into the future, thanks to those 3 deepwater drill ships and the slow steady global recovery. So, what is SFL going to do with all that cash? The same thing they were doing when the recession crisis hit, doling a goodly amount of it out in dividends.
As I predicted last quarter, there was sure to be a increase in dividends as no acquistions were made in over a year, and there was. I also stated that the dividends would be increased in successive quarters until it reached $2.40, where it was when it was cut in half in 2009.
If you're looking for a stock with steady appreciation, solid dividends and superb management, look no further, SFL should be at the top of your list.
The stock has been trading around the $18-21 range since last April, and a sure way of getting the stock price moving up from this level is for another decent dividend increase. A 2% increase is not the way to go. If they were strapped financially they would'nt even raise it, however, since they have a strong balance sheet and guaranteed steady strong revenues for some time to come, I see no problem in a 5-10% increase. I think it will be the latter since the dividend rate would rise to 8% and would only cost SFL $10mil, but more importantly, it would stimulate more interest in the stock and get it out of its trading range.