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 : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JimisJim who wrote (21217)12/1/2014 1:25:03 PM
From: chowder1 Recommendation

Recommended By
rnsmth

  Read Replies (1) of 34328
 
I sold my SDRL shares back in August and announced I was going to do it over on SA the day I did.

SDRL was always a spec play for me and I don't speculate for income. I speculate for cap appreciation. It just so happened that SDRL paid a nice dividend and as far as I was concerned, it was just gravy.

When the CFO said that market conditions were weak and going to get weaker, I knew that a highly leveraged company like SDRL wasn't going to see prices going any higher. That was my sell signal since cap appreciation was objective. I never gave the dividend a second thought as SDRL's Financial Strength ratings were declining, which put the dividend at risk.

I purchased CTSH and GILD with the SDRL proceeds and they are obviously spec plays for me as well.

BTW, as a for what it's worth, the dividend/distribution is at risk for LINE/LNCO. Their financial quality ratings are worse than SDRL's.
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