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

To: Paul Senior who wrote (36461)1/14/2010 6:06:45 PM
From: anializer  Read Replies (2) | Respond to of 78702
 
Looks pretty interesting. The only negative I see is that about 35% of their fleet is over 15 years old. Not sure what the avg life is but you are certainly getting a substantial discount for potential scrap ships and write downs.



To: Paul Senior who wrote (36461)2/9/2010 12:06:24 AM
From: upanddown  Read Replies (1) | Respond to of 78702
 
these producers will want to ship the stuff (in the form of LNG) to where the consumers are. GASS, having the specialized ships, should/could/might prosper.

Paul, I could be wrong here but GASS seems to be a LPG carrier, which is usually propane, butane or a mix of the two. They don't seem to have any LNG carriers, which are much more specialized and much more expensive than LPG carriers.


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