10-15-2014, 02:39 PM
Well, last I looked the sonovabitch was up 4% today whilst the rest of the industry was falling apart. What do I see? 40 years of dividend growth, very low debt, innovative with the Flex-Rig AC drive platform that has some intellectual property protection, knowledgeable and conservative management that tends make sure they have visibility on a cash stream before they build new rigs. Yield has always been low but now it's quite adequate. Overall, I think they are the class act in on-shore operators. Look back at their financials.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan