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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (25391)11/29/2006 3:25:51 PM
From: Paul Senior  Read Replies (2) of 78673
 
These oil tanker stocks are disappointing. FRO with not a great quarter, and now TOPT on some accounting issues.

I'm going to assume based on TOPT's p/bk value, that the stock is undervalued based on replacement value of its assets. That's risky because TOPT doesn't seem to be doing so great with those ships, and there is a goodly number of new ships being built that when they start sailing, may depress the tangible assets of all these shippers.

I'll up my few TOPT shares one more time by a little bit.

finance.yahoo.com

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