10 Best Dividend Stocks to Buy According to Michael Burry
Michael Burry, the chief of California-based Scion Asset Management, predicted the 2008 mortgage crisis in the United States that led to one of the worst financial downturns in decades, catapulting him to global fame and inspiring a Hollywood film in this regard. Although Burry is famous for value investing, he has also diversified his investment portfolio through bets on high growth stocks like Tesla, Inc. (NASDAQ: TSLA), Alphabet Inc. (NASDAQ: GOOG), and Facebook, Inc. (NASDAQ: FB) in recent years.
In regulatory filings released earlier this month, Burry revealed his short position on Tesla, Inc. (NASDAQ: TSLA) and a bull outlook towards Alphabet Inc. (NASDAQ: GOOG) and Facebook, Inc. (NASDAQ: FB) for the coming months. Tesla, Inc. (NASDAQ: TSLA) is one of the largest holdings (short position) of Scion Asset Management that has seen share price fall in recent days amid supply chain pressures and decreasing demand. Burry
Eneti Inc. Announces First Quarter Net Income of $41.9 Million
Eneti Inc. reported its results for the three months ended March 31, 2021.
The Company also announced that on May 14, 2021 its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common shares.
Results for the Three Months Ended March 31, 2021 and 2020
• For the first quarter of 2021, the Company’s GAAP net income was $41.9 million, or $3.84 per diluted share, including:
• a gain subsequent to an increase in fair value less costs to sell of approximately $15.5 million, or $1.43 per diluted share, taken related to the Company’s previously announced plan to exit the dry bulk industry. The gain is primarily the result of an increase in the fair value of common shares of Star Bulk Carriers Corp. (“Star Bulk”) (NASDAQ: SBLK) and Eagle Bulk Shipping Inc. (“Eagle”) (NASDAQ: EGLE) received or to be received as a portion of the compensation for the purchase of certain of
Eneti Inc Announces Financial Results for the First Quarter of 2021 and Declares a Quarterly Cash Dividend padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Operator
Hello, and welcome to the Scorpio Tankers Inc., first-quarter 2021 conference call. I would like to turn the call over to Brian Lee, chief financial officer. Please go ahead, sir.
Brian Lee
Chief Financial Officer
Thank you, Stephanie, and thank everyone for joining us today. Welcome to the Scorpio Tankers first-quarter earnings conference call. On the call with me are Emanuele Lauro, chief executive officer; Robert Bugbee, president; Cameron Mackey, chief operating officer; Lars Dencker Nielsen, commercial director; David Morant, managing director; and James Doyle, senior financial analyst. Earlier today, we issued our first-quarter earnings press release, which is available on our website, scorpiotankers.com.
$9,065
In March 2021, the Company completed the exchange of $62.1 million in aggregate principal amount of its Convertible Notes due 2022 for $62.1 million in aggregate principal amount of new 3.00% Convertible Notes due 2025 (the Convertible Notes due 2025 ), pursuant to separate, privately negotiated, agreements with certain holders of the Convertible Notes due 2022. Simultaneously, the Company issued and sold $76.1 million in aggregate principal amount of Convertible Notes due 2025 pursuant to separate, privately negotiated, agreements with certain investors in a private offering.
In January 2021, the Company entered into a note distribution agreement with B. Riley Securities, Inc., as sales agent, pursuant to which the Company may offer and sell, from time to time, up to $75.0 million of additional aggregate principal amount of its 7.00% Senior Unsecured Notes due 2025 (the Senior Notes due 2025 ). Since the inception of this program and through the date of this press release