On Monday, I recommended Diana Shipping (DSX) as one of my stocks of the month for November, specifically because of their large dividend yield.
On Wednesday, Diana announced the indefinite suspension of their dividend payments.
On Thursday, I executed an indefinite suspension of ownership of their stock.
Thursday, November 13, 2008
Monday, November 10, 2008
Stocks Of The Month: DSX, FRO, TSO
I'll make this short and sweet.
I sold all my stock of Vestas Wind Systems (VWSYF.PK), Hansen Medical (HNSN), and Nintendo (NTDOY.PK), because they do not have dividends. Not because I don't believe in wind turbines, catheter robotics, or gaming platforms.
In their place, I bought more stock of Diana Shipping (DSX), Frontline (FRO), and Tesoro (TSO), because they have substantial dividends.
Cash is king.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Dominion Resources Black Warrior Trust (DOM) 15.43%
Terra Nitrogen (TNH) 12.29%
Frontline (FRO) 10.20%
Google (GOOG) 10.09%
Ace Limited (ACE) 10.00%
Apple (AAPL) 9.41%
Southern Copper (PCU) 9.16%
Tesoro (TSO) 7.13%
Diana Shipping (DSX) 7.10%
Tidewater (TDW) 5.20%
Apache (APA) 4.02%
I sold all my stock of Vestas Wind Systems (VWSYF.PK), Hansen Medical (HNSN), and Nintendo (NTDOY.PK), because they do not have dividends. Not because I don't believe in wind turbines, catheter robotics, or gaming platforms.
In their place, I bought more stock of Diana Shipping (DSX), Frontline (FRO), and Tesoro (TSO), because they have substantial dividends.
Cash is king.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Dominion Resources Black Warrior Trust (DOM) 15.43%
Terra Nitrogen (TNH) 12.29%
Frontline (FRO) 10.20%
Google (GOOG) 10.09%
Ace Limited (ACE) 10.00%
Apple (AAPL) 9.41%
Southern Copper (PCU) 9.16%
Tesoro (TSO) 7.13%
Diana Shipping (DSX) 7.10%
Tidewater (TDW) 5.20%
Apache (APA) 4.02%
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