a lot of that has to do with fluctuations in the pound vs the dollar
who says it already hasn't. Selling the GOV dependent assets and replacing them with better private pay assets maybe not be a magic bullet but its a good start in the right direction
GSK has good pipeline and decent growth, but if your looking for capital appreciation over dividend there are other biotechs that would better meet your goals.
Seriously? who trades a utility on Technicals? We buy them for dividends not capital appreciation. There are another 400 or so stocks in the S&P you can trade for cap gains lol
your correct in that it will cause some dilution. 1.125 bil acquisition. 800 mil will be debt. the rest will be equity. from the statement should add 6 to 8 cents to FFO. with the 100 mil they got from their sales recently shouldn't be much dilution. I bought today on this weakness
actually in a take over scenario you need to look at the EBITDA to enterprise value. ESV is at less then 8 where it become attractive in value on a takeover basis.
I added to my position today. at over a 6% yield ESV has the best ability in this industry to sustain their dividend in this weak market
now that we fell below the 100 day moving average, I think we need to test the 200 day near 1706
That's exactly why I am buying SO lol. Its called being diversified. If you throw out all the safety stocks to chase momentum, what happens when momentum stops? you lose your money.
Sentiment: Strong Buy
Warned you guys a while ago that you were still overly bullish on this sector with a temporary slowdown happening. Long term I really love this company but for now I'm putting in some low bids. I set my next one at 52.25
I like ESV the best. SDRL is loaded with debt and RIG has a much older outdated fleet. If there is any slow down in rates ESV will hold up best with its clean balance sheet and low payout ratio.
I don't see much Geopolitical risk for ESV. Their biggest areas of operations are Gulf of Mexico, North Sea and Singapore. Africa might be worth a worry if they were on land but I don't think off shore is any risk. If anything I would be most concerned with the Gulf of Mexico for political risks since our own congress seems to be a bunch of morons.
The 200 day average has been acting like a ceiling for his stock form several months now. Until I can close above 35.50 and hold it, it is still range bound.
Its cause people are throwing caution to the wind to chase the hot stocks. I think this makes for a great buying opportunity. The market wont go up forever and there is bound to be a correction that will reverse this trend.
I think the majority of it is done but use caution cause the last 2 weeks of the year tend to be low volumes. Stocks can make some sizable swings with a lack of buyers and sellers.