A tip for you .. buy when things look bad. If you want to sell, only Sell when things have been going well for awhile. I like the RIG dividend and feel a good time to accumulate is when the cyclical business is down.
Its such a shame to see people lose money selling low and giving up such a nice dividend because they dont understand a cyclical business like rigs
You are exactly right. RIG also has $3 Billion in GOODWILL on the balance sheet - when will their CPS's require them to write this bogus "value" off. Also, their idle ultra deepwater rigs should be impaired.