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Home D Stocks Diamond Offshore (DO)

Diamond Offshore (DO)
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8:26 am
February 10, 2012


somrh

Member

posts 336
2

I think this one has some potential here. Here are a few comments.

They have what appears to be a standard dividend and a special dividend. The standard dividend is set at $.125. So many financial websites use this figure in calculating the dividend yield (which is about 0.5%). Their special dividend is dividends in addition to the standard dividend. That fluctuates (at the discretion of the BOD) based upon their financial position, capital spending, earnings, etc.

There's also a suit(s) as a result of a "force majeure" clause in their contracts. I'm not sure what effect that will have on their business.

8:13 pm
February 9, 2012


Graeme

Austin, Texas

Member

posts 180
1

Quoting gtrockefellar

 

Sorry for the lazy writeups.  Haven't had the time to do the write-ups like I promised, I told a few people on the forums but here's another idea for anyone interested.

 

Diamond Offshore (DO)

 

Here's my lazy man's writeup

 

Company is trading at a discount b/c of the whole gulf of mexico fiasco which caused permitting issues, ect for the industry.  Everyone is scared of the industry b/c of this.  We need Oil.  Obama and the republicans all support offshore drilling.  So it's a temporary downturn in the stock price.  They earn money and have a nice div yield.  When the dust settles, they'll earn even more.

 

 
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