Fear & Greed Tr...'s  Instablog

Fear & Greed Trader
Send Message
Independent Financial Advisor / Professional Investor- with over 25 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive... More
My company:
My blog:
  • Transocean ( RIG) Update ! 0 comments
    Jun 19, 2013 2:43 PM | about stocks: RIG

    I wrote about RIG last March 5th , http://seekingalpha.com/instablog/706857-fear-greedtrader/1617661-transocean-rig-turnaround-dividend-icahn

    where I highlighted my reasons for getting involved in this turnaround situation.

    Not much has changed from that timeframe including the stock price , and I reiterate my feelings that it is a situation to add or initiate positions at these levels..

    The new $2.24 dividend yields a healthy 4.5% at the current $49 level.

    The Icahn $4 dividend was voted down and I view that as a positive event for the Long term investor as the company position on the dividend amount is both generous and more prudent as the company continues its improvement.

    The following chart reflects the support that remains intact in the 48-50 level.

    (click to enlarge)

    At current levels the Risk/Reward is compelling. The earnings turnaround, and newly initiated dividend make a potion for RIG to be a standout holding in your portfolio in 2013/ 2014

    I have added to my RIG position , and suggest investors take a look at this interesting situation..

    Disclosure: I am long RIG.

    Additional disclosure: Stocks for Income means just that at Stocks4Income.com

    Stocks: RIG
Back To Fear & Greed Trader's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.