You misunderstood...I was using the family of 4 as an example of government spending, not as actual poor people. The government is the one that has $10 in their pocket and putting another $60 on the credit card to keep their standard of living going. And you assume I'm for the bailouts which I'm not. If your only argument is "that one group of people got money from the government so the other group should too" then you have a very very poor argument. You want taxes at a rate that encourages economic growth, then use that tax rate to help the poor.
For instance...lets say you got your paycheck for the month, and after all your bills, you had 30% left for charity. Being the generous guy that you are, you gave ALL your money to the poor. But then you saw more poor people that didn't get any help from you....what do you do? Do you run up your credit card to give to the poor now like the way the government does? Then later down the road, instead of being able to give 30% to the poor, you can give only 20% because you now have to pay interest on your credit card to the banks...then the next month, 10%....then 0%, then all your charity is now coming from credit cards until one day the creditcard company says STOP...no more credit line for you, and now not only do you have to cut the poor off cold turkey, but you have to cut your own spending down to pay the banks...all because you wanted to give more than you can afford.
Well...you are half right with this one. Anyone who looks down in people who get entitlements is a hypocrite. If you went to public school, you received $10,000 per year in entitlements. The problem is not the poor people that receive the entitlements...its the government that spends more than it can afford on these entitlements. For instance...if you have a family of 4 and you have $10 in your pocket, you buy rice & beans for the family...you don't go to outback steakhouse and spend $60 on your credit card to buy food. I say give the poor what they need, not what they want.
$25 is realistic. Maybe not by January, but if rates hold here for the next 6 to 12 months and a dividend is reinstated, $25 is absolutely reasonable.
Tanker rates have been holding at around $50k per day for both VLCCs and Suezmax. If rates hold there long term, we will eventually go back to $25 or so plus start getting a dividend.
Sentiment: Strong Buy
the 200 day MA has been in a downtrend since 2010. Its finally turned around. Technical traders should take note.
Sentiment: Strong Buy
You forgot to mention VLCC went up a few thousand too. $51k now for VLCC. No idea why this stock isnt already at $4-$5. Its pretty obvious, 4Q is going to be much better than expected. Well...I guess you snooze you lose.
Some things were good back then and some things were bad. Like, it was nice that everyone used to get dressed up to ride on an airplane. It wasn't so nice that 90% of the passengers were smoking cigarettes making it dang near impossible to breathe. I actually remember having so much trouble breathing on an airplane once(from the smoke) that I spent a good 30 minutes in the bathroom just so I could breathe more easily and let me tell you...airplane bathrooms still smelled as bad back then as they do today, so you KNOW the smoke was bad.
I would check the history of those analysts that say FRO is going to lose money. Look at Dec 2012. They predicted a 54 cent loss for the quarter and FRO made a 6 cent profit (remember that run up to $9.50 per share?) Look at last quarter ending sept 2013...they predicted a loss of 47 cents and only had a loss of 17 cents and if I remember right, we didn't have too many days over $25k per day during that quarter(although I didn't check that often) Also keep in mind that rates today are about 50% higher than they were last year when FRO turned a profit for 4th quarter. Analysts are DEFINATELY being conservative. Listen to Buffet...buy when investors are fearful, be fearful when investors are buying. People are still afraid of this one and will be until they show profit...but by then, they will have missed the boat.
Because Rates only jumped to $50k last month. I wasn't sure if it would hold, but so far it seems to be. If rates stay this way, I would not be surprised to see $5 by the end of this year. But don't sell at $5. If rates hold at $50k per day and FRO actually turns a Profit in the first quarter, we could see this stock shoot to $10 or $15 per share.
Sentiment: Strong Buy
Go to the website elitetrader. They have a politics & religion forum (as well as trading). You can get into it with 100s of right vs left people. Please stop posting #$%$ that doesn't belong on an individual stock message board. Nobody wants to hear about Obama, republicans, democrats, ect on this board...we only want to talk about FRO. Its ridiculous that people like lakeed98 and others have been posting on this board for years. Like I said...go to elitetrader in their politics & religion forum. You will LOVE it there. Leave this board alone unless you have something FRO related.