Also SAN has significant emerging market exposure which hasn't done well this year so far. I'm continuing to hold long term. All this will pass and its a well run company which fared far better than other banks during the financial crisis.
Bought in the mid sevens and already sold half in the 10's. No problems keeping the rest for a while.
The real money with cruise lines is gambling and alcohol sales. They want to fill the ships up any way they can can so passengers will gamble and drink!
Well for some balance, I bought in at 28 thinking that was a bottom. Catching the falling knife ain't easy! I sure hope all you self congratulators bought it at the bottom!
Well it important to note that the vast majority of SAN's banking is outside of Spain. They fared much better than other banks during the recession as it is conservatively operated. But because they are domiciled in Spain, they have been the proverbial baby that got thrown out with the bath water. They are one of the largest banks worldwide. It was also gobbling up other distressed bank assets throughout the recession while still paying the dividend. You can also opt to take your dividend in more shares, which gets you around Spanish and us income taxes.
Banco Santander (SAN) pays an 11% dividend which has been a pretty solid payout throughout the European crisis/recession the last few years. Its a Spanish bank but has a lot of exposure in Latin America and other European countries as well.
That's correct, Chris is in error on that in his response to my earlier comment in that DSX does not pay a dividend put the price action has been great since I bought. But the NMM I bought is paying nearly a 12% dividend but its price is not moving up as much. Just depends on what you want. Wished I bought FRO yesterday...
I've been loading up on DSX. Also NMM for the fat and relatively safe dividend. I follow Wilbur Ross who is the ultimate bottom feeder and he's been buying up shipping Stocks