SeaDrill drilled lower. Should you buy it?

SeaDrill (SDRL) took a beating yesterday.  The stock price dropped over 10% while the broader market dropped 4%. 
SeaDrill is not low enough to buy yet despite the huge drop yesterday.  Consider buying SDRL when it drops to $15.12.  I wrote about SeaDrill in June.  That analysis still stands:  I'm concerned that the dividend is not safe.
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Published in: on August 5, 2011 at 1:11 am  Leave a Comment  

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