Re: I am beginning to think that 2020 is the time to start up or add to a position in SFL. What is your opinion?
On 1/2/2020. I posted the above question ... got two replies by investors who were long term traders of SFL stock. .. keebon & sergeant.
I was interested in reentering SFL after a long absents . The three of us thought the daily range $14 to $15 would be a good entry point. By chance another stock caught my attention so never bought SFL.
Today I read a post that touted SFL great dividend yield. So I looked again at SFL... surprised to find it trading at $7.54. 50 % lower since Jan 2 2020. Acting just like most of the oil field stocks... WOW
(1). no dividend can makeup the lost in the stock price
(2) Three seasoned investors thought the same and yet we were all wrong. Not wrong at the time but missing the events that caused the stock to drop. But note... none of use had heard about any Chinese virus coming our way.
(3) I have repeated all year that I think the 3rd quarter and 4th quarter had a good chance of being worse than the first half. So far I see no reason to change my mind.
***PinewoodsBear***