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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (43126)11/9/2011 8:44:40 AM
From: Tommaso  Read Replies (1) of 71455
 
I only own producers of commodities, or producers of equipment associated with commodities.

In the last couple of days I have taken a big position in TNP, Tsakos Energy Navigation.

Headquartered in Bermuda, with offices in Athens, it has a fleet of over 50 new double-hulled tankers. Pays a dividend of almost 10% at yesterday's stock price and sells at a 70% discount from book value. And the book value is real, real ships.

The stock has been knocked way down partly because it is a Greek company. But it does business outside Greece using U. S. dollars.

See conversation and links here:

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