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August 2013



SDRL Put Play

August 29, 2013 – Comments (4) | RELATED TICKERS: SDRL , BBEPQ , BWP

I have been backing SDRL for awhile now.  I even made it my DIVIDEND pick in Harry's DIVIDEND CONTEST (which didn't require picking dividend paying stocks ;p).  They just posted a really solid earnings report, one which many were expecting to be weak.  Going forward, however, even greater growth is projected.  They have a $19 Billion (with a B) backlog of new rigs all under contract to lease. They have upped their dividend to .91.  [more]




August 21, 2013 – Comments (3) | RELATED TICKERS: KKR , BX

Sold 20 puts to open for KKR, the Jan15 $22 one for a premium of $5.20.  So either I keep the $10,400 or I get to buy KKR by January 2015 for a net cost of $16.80.  The stock currently sells for $19.37.  [more]



Yield is Still King

August 13, 2013 – Comments (11) | RELATED TICKERS: Y , I , ELD

When Bernanke first used the words that he will keep interest rates low for an extended period of time back in 2009, nearly everyone was arguing that meant months not years.  I argued that it meant exactly that, extended as in years.  Eventually Bernanke was forced to actually put a minimum target date to stop all the bantering.  [more]

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