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By Daniel Shvartsman
In the most ambitious crossover event in Seeking Alpha podcast history, we turn the tables. J Mintzmyer, host of Value Investor's Edge Live and Value Investor's Edge joins Akram's Razor (author of The Razor's Edge) and me, co-hosts of The Razor's Edge podcast, to talk the tanker trade, which is on a lot of people's minds.
The weird thing, which is among what we explore here, is that tanker rates and the industry setup would seem to align with a generational shift, share prices have yet to pick up. We go over the reasons for skepticism and recorded at the beginning of a busy week for shipping sector earnings, it should provide some interesting background for people looking at this trade and the sector more generally. Check it out above, and stay tuned for a transcript soon.
Topics Covered- 2:00 minute mark - The endurance of the shipping cycle
- 12:00 - Mean reversion for value?
- 18:00 - The oil crash and commodity ETFs
- 22:00 - The abnormalities in this cycle
- 27:00 - How supply and demand have lined up
- 31:00 - Investor reactions
- 35:30 - The Macro context
- 46:00 - Dry bulk woes
- 49:30 - Talking the downside in the tanker trade
- 54:00 - The management and capital allocation question
- 58:00 - Getting down to some picks
See also Unilever: A Certain Investment For Uncertain Times on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
