Hercules Offshore (NYSE: HERO) released its monthly fleet status report showing that it had idled another shallow-water rig operating in the Gulf of Mexico, bringing the total to six out of 18 rigs operating in the region.
FelCor Lodging Trust (NYSE: FCH) announced that it sold its 446-room Holiday Inn-Toronto Airport and 221-room Embassy Suites Hotel-Indianapolis North for aggregate gross proceeds of $29 million in separate transactions.
Since publishing our first issue back in 1986, we’ve always recommended investors exercise patience. "Beware an Itchy Trigger Finger" identified ten stock picks with particularly promising long-term potential--and they all had the added bonus of paying dividends over 3% to further reward investor patience. Given our contrarian slant, each of these stocks was also generally out of favor with mainstream investors at the time of recommendation--adding value stock appeal.
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