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Strategies & Market Trends : Dividend investing for retirement

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To: JimisJim who wrote (24447)	3/4/2016 12:19:56 PM
From: E_K_S	Read Replies (1) of 34328

SDRL was priced for BK and now that Fredrikson will support the company w/ a capital infusion (he already purchased a lot of the outstanding Bonds), the common shares will/should survive. The rumor was that a preferred stock would be issued and/or a secondary to fix the balance sheet. Today's event is company specific. I have been building up my SDRL position in hopes that Fredrikson would eventually support the company/stock and then ride the cycle higher if/when it turns in 12-36 months. I like that he is now stepping in and committing some of his capital especially from the sale of a portion of his fish farm business MHG. At some time their dividend will be reinstated but that will only occur when the industry turns maybe 18 months but probably longer. EKS

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