Repost my Titanic post from a couple months ago.
Remember I warned you to wait until after earnings to do any buying.
OK now give me ten thumbs down.
O and I did add some today, so you see I am not a short.
Just the internets top psychic with 90% accuracy.
I'm in also but I wish people would stop worshiping JF
He built his empire on debt. Everyone of his companies is loaded to the hilt with debt.
So he may be a billionaire controlling other peoples money and scooping things up on the cheap when parts of the empire collapse.
He will most likely be a billionaire long after most of us go bust.
That's the way I had it figured to, except that analyst's were so far off on this past qtr that anything seems to be possible.
Do you or anyone else have an explanation for the analyst missing last qtr by so much??
The last .60 div. is the highest payout in 4 years and suggests a possible return to a higher payout level as was the case before the financial crisis.
When the market crashed allot of money was pulled out of the funds that manage assets, and a few even collapsed as I remember it.
With the markets steady climb, I am suggesting a possible return to more bullish and long term normal conditions, and therefore a higher level of dividend payouts and pps.
Last qtr. could be just the start.
Of course div. payouts are variable and stock price seems to correlate pretty closely from what I can see.
In looking at the past 4 years div. history I see no fourth qtr. increase in div.
Wow Debbie! You went from suggesting I was a short , to sounding like one yourself.
( laughing )
For diversification may I recommend AB.
50% increase in div. last qtr. .40 to .60
Over 400 billion under asset mgmt. and growing.
Long history of paying dividends.
Much more stable business than SDRL with far less business risk.
No worries about capital expenditures or debt levels, because there isn't any.
The only drawback is a variable div. and hence share price, or a major market crash causing people to pull money from the market.
I'm in !
Never seen a wall that couldn't be scaled.
In your case I think it's more of a mental block than a wall.
Could be a sell in May and go away this year.
And it may have come earlier just like Winter did.
I'm sitting on a large cash pile to, but I do have a small position in SDRL.
Are you contemplating putting that entire 100k in sdrl at some point?
I'm ready to add if this breaks below 34