stockchase picture

Compiling comments that experts make about stocks while on public TV.

2012-02-08

Opinion for Overseas Shipholding (OSG-N (Dead))

Signal Price Bias Subject Owned
$12.210 BULL on GLOBAL GROWTH VALUE STOCKS & HIGH YIELD BONDS Yes

Huge capacity of extra ships coming online. All of these guys are loosing money. Good news is that every year ships get scrapped because they are not efficient. There are a record number of new ships being ordered. 2011 will turn out to be the bottom of the trough for them. Because of Iran, a lot of buyers of oil will have to buy oil by ship, which will be a net benefit for these guys.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

1 Comment

mrgreat

October 30th 2012 at 1:17am

Great call knucklehead.


You must be logged in to comment.