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The Company is a provider of international seaborne crude oil and petroleum product transportation services. It owns a fleet of modern tankers providing world-wide marine transportation services.
Pros: Selling for 1/2 book valueFair P/E ratioSelling for only 1.7 x cash. (Cash per share around $8)Great dividend (4.5% yield)Cons: Sluggish global economyGreek stockProblems with the EuroHigh DebtI'm holding for the long term. Hopefully the Euro debt crisis wont negatively effect this stock too much (and we dont lose the dividend).
not a short term bet. given a few years the market will turn as new building slows and scraping eliminates the old units, when balance swings should be major up side.
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