SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Area51 who wrote (49042)8/10/2012 12:17:07 PM
From: MCsweet  Read Replies (1) of 78673
 
DHT,

I sold off my regular shares from the rights offering at a profit. I hold preferred shares recently converted into common at a loss.

Tanker market is terrible, but I think DHT will be a survivor given the recent cash infusion and the fact they are covered on all debt payments for a couple years. I am holding my position now and just tracking the stock, but would look to buy more if fundamentals improve.

I do expect a dividend cut. 14%/15% dividend in a bad tanker market isn't realistic.

MC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News