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Seadrill: stupid cheap again

September 15, 2014 – Comments (8) | RELATED TICKERS: SDRL

SDRL became stupid cheap again.  As far as I can tell nothing has materially changed since my analyses a few months ago.  It hit 40 and change two months ago, a 52 week high; now it's 29 and change.  Same stock.  13% dividend yield if you get in here, which looks sustainable.  Q-over-Q earnings are super consistent.  [more]



Two Thousand

August 25, 2014 – Comments (10)

Those of you who await with bated breaths my next miscellaneous ramblings in this space - yes, all zero of you - will recall a prediction I made about 7 months ago.  The prediction was that before the S+P closes above 2000, it will close below 1500.    [more]



How the economy is doing

June 25, 2014 – Comments (2)

Well, Operation Twist, also known as Quantitative Easing Three, was a great success.  $85 billion a month was "injected" into the capital markets - mainly mortgage markets - and a great deal of worthless paper was bought up over market price, depressing yields, at taxpayer expense.

And it worked.  You can't argue that.  The risk-free rate, estimated by the 3-month T-bill yield, is now one twenty-fifth of one percentum.  That is zero point zero four percent.  0.04%.  If you invest $2500, you get a buck at the end of the year for your pains.  [more]



Seadrill: update 2

June 24, 2014 – Comments (5) | RELATED TICKERS: SDRL

I have had a 16% gain on Seadrill since I bought it 6 weeks ago.  I was betting they would make the dividend, and they did - and I made a huge bet; I was tiring of standing idle at the sideline so I put half my cash into it, and I'm almost all in cash.  [more]



Seadrill: update

June 13, 2014 – Comments (2) | RELATED TICKERS: SDRL

Exactly 1 month ago, I posted about Seadrill, in context with the fact that I am not at all bullish on the prospects of the US stock market as a whole.  Seadrill is a company that builds and leases deepwater drillship rigs.  The lessors are large integrated oil companies who operate these rigs to extract crude oil that can't otherwise be gotten at because it is deep below the ocean floor.   [more]

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