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Strategies & Market Trends : Value Investing

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To: Ditchdigger who wrote (47050)	3/15/2012 8:44:09 PM
From: E_K_S	Read Replies (2) of 78763

Hi Ditch - I continue to hold SFL mainly for their generous dividend. Their main customer, FRO seems to be doing better as a result of the higher price charters. In fact it seems like many of the shippers have bottomed and now have turned the corner so perhaps the next few quarters will be profitable for these companies. I will start to peel off my high priced shares above $20.00/share (in the past it was $29.00/share). My last large buy was 9/2011 at $14.80. I have got my average cost down to $13.50/share but SFL still is a large position in the portfolio now ranking number 7 or about a 4% position. My other shipping companies are special situations; Ultrapetrol (Bahamas) Limited (NasdaqGS: ULTR) and StealthGas, Inc. (NasdaqGS: GASS). Both are small holdings compared to SFL. I am still underwater on ULTR but GASS is now profitable. goo.gl EKS

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