ODJAF - SFL Corporation: Returning To A Position Of Strength

• SFL Corporation's results show signs that the shipping industry is recovering from the effects of the pandemic.
• The company managed to secure a new contract for several of its container ships which significantly increases contract backlog and revenue visibility.
• The company sold a few vessels, which will give it a $14 million gain on sale in the second quarter.
• The company's rigs will now be managed by a new entity, although one of them may prove to be a drag on the company in a few quarters.
• SFL appears to be struggling with affording its dividend so the 7.94% yield might not be sustainable.

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