Tsakos Energy Navigation – a leveraged but safe tanker play
Today I plan to cover a Greek tanker name that has endured a couple of very dilutive capital increases since the rates started dropping and that has cut its USD0.15 … Continue reading
Boredom at Iberpapel
Since my initial look to the stock, the company has performed as expected, and the share price has marginally appreciated (+14% including a 25cents dividend), but still lagging the local … Continue reading
Endesa – Spain won´t do well any time soon.
Endesa shares are not that cheap anymore after a 45% rally in 8 months. Given their recent gloomy guidance for Spain and their LatAm leverage, I would be selling the … Continue reading
some thoughts on equity valuation – high PE companies
Thanks to some remarkable evolutionary tricks, like female menopause, and an increased overall comfort, humans are able to live beyond half a century. Still, enjoying better longevity prospects than most … Continue reading
Paragon – keep bleeding
PRGN:NYSE will have liquidity problems in 2013 that may probably trigger asset sales and additional equity issue. I tweak down my expectatives for 2012 (opex higher than expected due to … Continue reading
Petronas Chemicals Group – Go long like a true insider
Dow Chemical and Saudi Aramco are embarked in huge a USD20bn petrochemical project. Despite being away of the growing Asian markets, SADARA project makes perfect sense thanks to the very … Continue reading
Star Bulk Carriers – navigating at the edge
This NASDAQ-listed dry bulk shipping company is sailing through one of the worst markets ever. Huge oversupply depresses rates, and only the hope for higher scrapping rates and a low … Continue reading
Inditex – dressing up the world is priced in
Inditex is undoubtedly a stellar company. Many scholar case studies have been written on it as it has consistently beaten expectations thanks to the flawless execution of its fast-retail business … Continue reading
LHCG – a solid, decently managed consolidator
U.S. Home Healthcare Agencies (HHA) provide in-home skilled nursing and other home health care services, such as physical therapy. HHAs are licensed by the state, but must adhere to federal … Continue reading
Pescanova – a commodity GA(v)RP
According to FAO, by 2018 farmed fish is expected to exceed captured fish for human consumption for the first time, and its share is projected at 52 percent in 2021. … Continue reading
