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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (23647)	5/26/2006 11:33:51 AM
From: E_K_S	Respond to of 78717

Picked up some more shares of SFL based on their earnings report this AM. biz.yahoo.com Management announced both their regular dividend ($0.45) and a special dividend ($.05) payable June 26,2006. (12% annualized) Even more interesting is that the company has already secured their minimum revenue growth target for 2006 based on new long term management/lease contracts signed this year. There is discussion that the company may expand their financing activities into oil drilling rigs and container ships. This stock appears to be at a bargain price as all of my previous purchases have been at higher prices. I have been able to reduce my average cost by selling covered calls and writing naked Puts while collecting the nice dividend. If the rumor deal for financing oil rigs is accomplished in late 2006 (or early 2007), the stock could challenge the previous high of $26/share price. EKS