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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (19584)	8/23/2004 12:34:42 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78523

Added to SFL after I received shares. Bought more FRO in March and May. I like the sector for the next 18 months. To spread business and geographical risk (different types of ships depending on destinations)and my lack of understanding of implications of hedges that some companies use, I have a package of these companies - e.g. OMM and TNP as well. The stocks seem almost always to sell at low multiples; now they've moved up to higher lows (compared to other sector p/e's). Maybe that's as good as it'll get. OTOH, more oil demand means more shipping demand and higher rates and profits. Back on that other hand, a terrorist attack on a port (or ship) might smack these companies stocks. Regarding FRO and looking back when it was discussed here (FRONY) in '01 (from my records; SI search doesn't seem to be working now): that was the time to buy to garner very good results, if the buyer held on. Regarding FRO and looking forward: prospects seem much brighter, but the price is so much higher now too. I'll bet there's more in FRO and SFL, and I'm holding on. I started with FRO, and so I just have more shares of FRO than SFL. I don't have enough knowledge to offer an opinion on which is the better bet, SFL or FRO. I'll have both and take my chances. (You might check the Yahoo thread to see what the latest opinions are on SFL vs. FRO.) jmo, and I've been wrong many, many times.