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
By Michael Aneiro
Mortgage REITs can’t seem to put together an uneventful day lately, and they’re getting hit across the board Monday. Shares in mortgage REIT American Capital Agency Corp. (AGNC) are down 4.7% to $28.63, while Annaly Capital Management (NLY) is down 2.6% to $14.66. MFA Financial (MFA) is down 0.9% to $9.10, and Two Harbors Investment (TWO) is down 1.6% to $11.91 and the iShares FTSE NAREIT Mortgage PLUS Capped Index Fund (REM) is down 2.2% to $14.91.
The weakness comes after the Wall Street Journal‘s resident Fed-watcher Jon Hilsenrath published a story over the weekend (which had been rumored to be in the works since late last week) outlining the Federal Reserve’s efforts to map an exit strategy from quantitative easing. An excerpt:
Officials say they plan to reduce the amount of bonds they buy in careful and potentially halting steps, varying their purchases as their confidence about the job market and inflation evolves. The timing on when to start is still being debated.
The Fed’s strategy for how and when to wind down the program is of intense interest in financial markets. While the strategy being debated leaves the Fed plenty of flexibility, it might not be the clear and steady path markets expect based on past experience.
Recently regulators had flagged mortgage REITs as a possible bubble growing amid such friendly Fed policy, and any end to that policy could prompt a pullback in the sector.
Oil closed down roughly 1.7 % today. This is partly due to lots of monetary accommodation happing around the world, especially Japan, causing the dollar to strenghten. And not to mention the economic data out in the last couple days has not been good. And it would appear from reading some of the comments on this board- and this is amazing to me- there are a lot of people who were unaware SDRL isn't giving a dividend until June. And then there are generally a lot of people on edge about the market rally getting a little long in the tooth and there is the "sell in May and go away" thing coming up. This is my take on why SDRL has been going down, but so are a lot of the oil related stocks.