As I posted on 12/9 :If Barron's were involved in some of the recent negative articles on SDRL I'd bet money that it was similar to the HedgeEye short attack on LINN a few months back. Has many of the same hallmarks"
These hedge fund attacks are getting more frequent and more transparent. If the SEC had any teeth they'd go after these crooks.
The challenge on these boards are to weed out the intelligent posters from the dimwits. ledire gets one of the dimwit awards.
This guy's intelligence is actually lower than all his IDs. I wonder if he realizes how ridiculous he looks to any knowledgeable investor with all his pumping? I'll also put him on ignore.
If you were afraid SDRL was going to cut it's dividend then you made what you considered the prudent move. I'm sure most participants here continue to be bullish on the company and with their backlog of business the divvys will continue to grow. You succumbed to the pressure the short/bear attack has put on the stock. Just my opinion but within 6 months the share price will be back in the upper 40s.
The board WELCOMES any on topic, re: SFL that anyone posts, but, and a big BUT, in the absence of any meaningful news on the company this is the most amazing board for information on alternative investments. There is a noticeable lack of spam and the shorts keep their posts to a minimum too. Many here have been around since the mid 2000s and the information we've traded over those years has led to some substantial profits for all concerned.. You can be assured the information posted by long time members is true and verifiable and there are no ulterior motives to the postings, just informed members passing on good investment tips. I urge you to read all the posts and you may profit from information gained on this board. As always, do your own DD.
They, along with thousands of other companies from around the world are incorporated in Bermuda. Kinda like Delaware in the U.S.
They all have their own agendas and will do their best to skew statistics in their favor. Intentional misinformation buried in long evaluations tend to get lost. It's just the way ANALyst companies do business. Do your own DD to confirm why you made the investment in the first place.
. Who picked NATDF to buy, you or your broker? If it was you then you didn't do any DD. If it was your broker, he's incompetent. They just paid about a .23 divvy for last quarter. Hopefully with the anticipated NYSE listing in the first quarter of 2014 the company will get more exposure and price appreciation. A good holding, yielding just over 9.5%. GLTU.
Shares of NEWM are expected to be distributed to shareholders on 2/13 and will begin trading as a separate company on 2/14.
Reposted from IV, compliments of Tankerat:
** The negative articles by the analysts, the Seeking Alphas and the Motley Fools most all had errors and omissions, some glaring, which indicate a less than high grade familiarity and understanding of the company.
** While it is factual that there has been a lull in contract announcements in the offshore drilling sector, I have not seen announced any contracts for high specification 6th generation UDW rigs signed at materially lower rates. The actual current market rates for such rigs will be more clear when we actually get some contract announcements.
** Many of the recent hit pieces were written from the standpoint of lumping all offshore rigs together...whatever age, capability, or generation class. Bifurcation will exist in the offshore rig markets and the newer more capable rigs will be less affected than the older rigs, some of which may take lower rates or be stacked.
** This idea of a dividend cut seems to have taken on a life of its own when there is currently no indication of that being considered at all based on the huge backlog enjoyed by Seadrill.
** Many of these articles said things like "FRO crashed and burned and Seadrill eventually will as well." Having been a FRO owner during the Golden Age of Tankers, and FRO being the single most lucrative stock I have ever owned, I'd say those making that comment are unaware of an important basic difference between the tanker market and the UDW drilling space. FRO had its glory days due to a relatively long lived sector boom caused by a tanker shortage vs. demand. However, FRO did not have huge exposure to long term contracts and thrived on a spot market that was very strong for a long time. In addition, in the tanker and bulker spaces breach of long term contracts is not uncommon. In the offshore space such contract breach is rare. The Seadrill contracted backlog of $19 billion or so is based on lengthy contracts with deep pocketed counter parties.
PSEC, ARCC and all the others down sharply. S&P announced last night that BDCs, due to their rule changes, would no longer be included in their indices as of Friday, 3/21. IMO, this is a spectacular buying opportunity as they are down solely for that reason. When saner heads prevail they will understand "who cares" about being included in small cap indices. The stocks trade on their own merits, not inclusion in an index.
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- S&P Dow Jones Indices today announced that it has made several changes to the S&P U.S. Indices methodology effective after the close of trading on March 21 to coincide with the March rebalance. After consulting with clients concerned with certain reporting requirements, expenses, and investment restrictions relating to business development companies (BDCs), S&P Dow Jones has decided to remove all identified BDCs from its U.S. Indices. BDCs will remain eligible for certain other types of indices. In order to increase the number of eligible constituents without sacrificing the profitability criteria
Can't deny that management is not fulfilling it's promise to "unlock shareholder value" of NCT, despite grumblings and complaints about lack of transparency from some posters. The fact that NRZ is performing a bit better is of no concern, at least to those that have held NCT for many years and have been carried along with the company's vision. NCT should catch up soon enough as their portfolio of senior living properties continue to grow. We're not getting any younger, are we? GLTA
Well then, don't call yourself a "patient investor" if a 12 month time span is too long for you to wait. That's a suggested 20% return not including dividends, which many "investors" would be more than happy to sign up for right now.
I go back and forth between both boards. Been grandfathered into IV since the early 2000's. It is a great, spam proof website.