Credit: Shutterstock photoJohn Buckingham ( Trades , Portfolio ), CEO of Al Frank Asset Management ( AFAM ) and editor of the Prudent Speculator newsletter, purchased 218,979 shares of Teekay Corp. ( TK ) in the fourth quarter.
Teekay is a provider of crude oil and gas marine transportation services. The company also offers offshore oil production, storage and offloading services, mainly under long-term and fixed-term contracts.
The company was founded in 1973 by Torben Karlshoej, an entrepreneur who loved the sea and enjoyed hard work. Karlshoej built the company from scratch, taking enormous risks along the way including moving the company from New York to California in the early stages of the company's development. Karlshoej built the company from having no ship vessels to 49 ship vessels by the time he unexpectedly passed away in 1992 at the age of 50.
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Since Karlshoej passed away, Teekay has worked to expand its operations and business across the globe. In 2004, the company owned no gas vessels. One decade later the company has ownership interests in 80-plus vessels, with one of the world's largest liquefied natural gas ( LNG ) and liquefied petroleum gas ( LPG ) fleets.
The company's operating margin percentage is 27.08, ranking it higher than 83% of the companies in the Global Shipping & Ports industry.
Teekay Corp has a market cap of $423.87 million, an enterprise value of $9.73 billion, a P/E ratio of 14.24 and a dividend yield of 25.82.
Below is a Peter Lynch chart for Teekay.
Teekay has a few good signs, according to GuruFocus. The company's Piotroski F-score is 8/8, indicating a very healthy situation. The company's P/S ratio is close to a 10-year low at 0.22; the 10-year low is 0.2.
Teekay is also traded in Germany.
Buckingham made the right decision to invest in Teekay.
- Teekay is one of the global leaders in the Global Shipping & Ports industry.
- The company is fearless, in keeping with the original founder's philosophies and mental models.
- The company has shown the ability to execute and expand operations throughout its existence.
Buckingham graduated magna cum laude from the University of Southern California in 1987 with a B.S. in computer science and a minor in business administration. Shortly after graduating, Buckingham landed a job working for Al Frank Asset Management.
Buckingham proved he was determined to become successful in the investment industry. He started out working in the mailroom and worked his way up to director of research in 1989. Buckingham was then promoted to chief portfolio manager.
Al Frank Asset Management owns 120 stocks with a value of $646 million.
Cheers to your investment success.
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
