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Ship Finance (SFL +1.4%) moves up after posting a solid Q2 this morning, as net earnings rose...
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Tuesday, August 28, 2012, 12:47 PM ETShip Finance (SFL +1.4%) moves up after posting a solid Q2 this morning, as net earnings rose 48% amid a gain related to the termination of its Horizon Lines (HRZL) charters and contributions under its amended agreement with Frontline (FRO). Dahlman Rose reiterates its Buy rating on the shares, albeit with the caveat that it expects redelivered vessels will serve as an overhang on the stock until they are rechartered longer term.
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