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Strategies & Market Trends : Dividend investing for retirement

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To: Tapcon who wrote (9101)	5/25/2011 3:14:59 PM
From: E_K_S	Read Replies (1) of 34328

Hi Tapcon- SFL's largest shareholder is Frederiksen as he originally set up this company to provide the financing arm for FRO. To me it is a much more stable business than owning FRO. If you look up thread to Steve's post you will notice that SFL participates in profit sharing arrangements in several of the contracts they have w/ FRO. It's quite possible there may be a slight shortfall in profit sharing revenues to SFL from these contracts. I do not think it accounts for a significant amount of the earnings, perhaps $0.12/year. If the recent announcements regarding "rough waters ahead" for FRO may be the sell off you have been looking for. If you start a position, I would ease in with a tracking position and look at adding to your shares over the next several months. SFL also has options and from time to time I sell covered calls but only when the stock trades in the mid twenties. --------------------------------------------------------------------- FWIW, I started a position in AQUNF (Algonquin Pwr) in the IRA. Sold 40% of my ATO purchased 3/25/2010 @ $28.59. See my earlier post on AQUNF. They recently bought one of ATO's U.S. NG Franchise. One of my original reason for buying ATO was for their regulated NG distribution business. AQUNF got a sweet deal. They are a Canadian company that deal in Water and Energy resources. I believe dividends in the IRA are exempt (per Canadian/US treaty) from Foreign Tax withholding. Their dividend yield is around 4.5% paid in CAD$ so you get a play on the $US too. I am looking for significant revenue growth (from their recent acquisitions) which should translate into future earnings growth and shareholder dividends. EKS

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