FRO -- This cow says Moo

[df21084]

Actually, this cash cow says cha-ching!!!

* Frontline to distribute a further 10.0 percentage points of its shares in SFL. FRO shareholders will receive 1 share of SFL for every 10 shares of FRO. Ex-date is 3/9/05, record date is 3/11/05, and distribution date is between 3/24 and 3/29.

* $3.50 cash dividend per FRO share. Ex-date is 3/3/05, record date is 3/7/05, and payment date is on or about 3/9/05.

Not too shabby.

[canaveraldan]

I've been looking for an entry point since $48 per share. I should have bought then. I guess I'll have to wait until the price corrects now. Any entry point advise?

[yaoyao]

I would say that the good entry point is a couple of days after ex-date. I bought half of my position on 2/8 (ex-date for SFL spin-off) at 49.15, and another half of my position on 2/11 at 45.15.