Sunken Shippers Look Ready to Float Again
The Motlet Fool
By Mike Norman
June 13, 2006
fool.com
From the article:"...Bargains galore And as I said, by all measures of valuation, these stocks are "on sale." The entire group is comprised of solid companies that have long histories of strong earnings, and they pay very high dividends. General Maritime, for example, pays an 18.4% dividend. It has a 19% earnings yield and a 26% return on equity. Frontline has a 24% earnings yield, a 74% return on equity, and pays a 19% dividend yield. Knightsbridge pays an 18% dividend, has a 10% earnings yield, and has a 20% return on equity....I'm talking about companies like Knightsbridge Tankers (VLCCF), OMI (Nasdaq: OMM), Frontline (NYSE: FRO), and General Maritime (NYSE: GMR)...."
The whole group is looking quite attractive from several value views.
EKS |
