transportfan

Shipping Stocks: I'd Wait To Buy Frontline and Overseas

I also bought my FRO in the $28-40 share range and have never been disappointed with the dividend. During times when the dividend is less than what the CEO wants to give, he spins off shares of other stock....like SFL, which in addition to costing us nothing, also pays a regular dividend. I bought when no one was covering FRO, and if anything at all was said about it, it was a warning to be suspicious of companies paying large dividends.

Google John Fredriksen and read about his philosophy....he treats shareholders as co-owners. We get the same dividend he gets. Find me an American company or CEO who thinks this way about the shareholder! Those of us loyal to JF do not share the concerns of the author of this article. We are into JF companies that are successful and share the wealth. We don't scare easily, and are in for the long haul. The price of the stock is not really material to us...other than offering another low point at which to buy more.