Dampskibsselskabet Torm A/S (ADR) (TRMD)

Schmacko (76.64) Submitted: 5/02/08 4:19 PM : Start Price: $32.03 TRMD Score: -29.02

I started a small position in Torm recently, because I wanted a shipping stock. It's been beaten down a lot and looks like it's started to bounce. It pays an okay dividend and it's P/E is way below the industry avg. What I'm really looking at though is the price to book ratio for Torm vs. the industry avg- 2.14 (Torm) vs. 2.87 (industry). If Torm's stock price appreciates so that it's price/book ratio equaled the industry avg you'd get a valuation of $44 and change, which is still a little below it's 52 week high. I'd be cool with that.

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