Topic: The Force is truly with Frontline Maritime

[Jack Morris]

http://finance.yahoo.com/q?s=FRO

Near the end of May is dividends announcement for FRO, and OSG already shocked the maritime analysts by DOUBLE the earnings for 1st QTR 2005. Now FRO has varied between 26-30% dividends and yields, BUT check out the new dividends and yields for FRO!

28.77 (69.84%)!

http://finance.yahoo.com/q?s=FRO

I imagine that it will be like last qtr, another record qtr and in addition to cash FRO will spin off more shares of it's ownership of SFL!  BTW, my avg for all my buys into FRO (400 shares currently) were 50 a share, now it's a little over 41 bucks a share! That's a steal by any means! 

Here is what SFL is about and their current price.

http://finance.yahoo.com/q?s=SFL

Hmmmmm, less than 7% vs 69.84%? No contest!  The reason they give out shares of SFL to FRO shareholders is that it's tax free dividends for one, and FRO wants to keep cash reserves up for a possible takeover of GMR.

[Jack Morris]

http://biz.yahoo.com/prnews/050526/lnth015.html?.v=8

http://finance.yahoo.com/q?s=FRO

Just waiting for Tuesday, then we shall see if the force is with FRO, as OSG really did well, double analysts expectations. Even if the dividends are around the mark and not more, conference call days are great boosts in stock value for most companies anyways.

As for SFL? It is chugging along, but looking back to the date when FRO gave out shares that it owned in addition to cash dividends, I probably should have sold as I lost from 22 a share to 18 plus right now. I take it in stride though, as very rarely does anyone hit a sell at just the right moment for the highest high.

http://finance.yahoo.com/q/bc?s=SFL&t=3m

Maritime stocks may not be as exciting as other types, but at least I do not have great crashes and it's easy to follow, all I have to do is check oil prices and tanker charter rates. Very rarely will you see "cooking the books" or other criminal activities in maritime stocks, as they have business worldwide and you do not want to tarnish your reputation in that manner. Enron? They dealt with America and saw no problems with screwing fellow Americans over.  I hope they all get max sentences.

[Jack Morris]

http://biz.yahoo.com/prnews/050531/lntu001.html?.v=7

http://finance.yahoo.com/q?s=FRO

3.10, not too bad considering the lower rates right now. Why not pay the full dividend? I imagine with FRO being smart about mergers we shall see them go after another company (hence having cash reserves) since GenMar was so stupid and snubbed their offer.