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

To: Spekulatius who wrote (34477)5/14/2009 11:45:50 AM
From: peter michaelson  Read Replies (1) | Respond to of 78753
 
Hi Spekulatius:

I've noticed that many shippers trade below book value. I'm concerned this is because they bought the ships when freight rates were higher, which had the effect of making ships more expensive.

In other words, asset value may be substantially overstated as the value of ships has no doubt declined along with shipping rates.

Perhaps you have studied this factor and like PRGN still.

Peter



To: Spekulatius who wrote (34477)5/20/2009 3:57:08 PM
From: Paul Senior  Read Replies (1) | Respond to of 78753
 
Noting the nice, and quick, move in your pick of [t]PRGN[/t].



To: Spekulatius who wrote (34477)5/21/2009 9:59:45 AM
From: Paul Senior  Read Replies (1) | Respond to of 78753
 
I'll take a few shares of utility POR at current price.

reuters.com


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