GBA Presents: RADIO SAVANT-!

stonedinvestor said:
There debt troubles though... in Dec 2021 they sold off 8 of their 9 LNG transport ships

You are probably not up to date on that - I wasn't. Some say bad move I think they got a great price!
More...

They have $5.90/share free cash flow (ttm!!).

Trading at roughly 4X fcf?!!!!
There's no debt problems.

With Putin about to shut off Europes natty?!!!!

the savant has uncovered a goldmine
 
Scorpio is adding ships which I like.-

Scorpio Tankers generated its largest quarterly profit in the company's history. The quality of the company as an investment continues to improve.

And we are positioned to create shareholders' value in what we believe will be a multiyear cycle. We also believe consistent with our actions that the best way to do this is first through improving our balance sheet. In the first half of this year, we reduced our outstanding debt by $511 million. And in addition, our pro forma cash balance has increased by $360 million to $591 million through July.

As we start the second half of the year, the company has declared repurchase options on six MRs under sale-leaseback arrangements for $95 million. With this and scheduled amortization, we will reduce our debt by almost $700 million in the first nine months of the year. That accounts for a 22% reduction in overall indebtedness. This debt reduction, combined with rising asset values leads to a material improvement in the company's loan-to-value as well as net asset value.

The third quarter earnings have started strongly. We have booked 44% of the days in the third quarter at a rate close to $45,000 a day. If we were to average $10,000 less, so $35,000 a day for the entire third quarter, the company pro forma liquidity would be close to $700 million at the end of Q3. Our customers expect the current market conditions to be sustained as evidenced by the increase in time charter rates, duration, and activity, and we agree with our customers.//

The winner is STNG.
 
stonedinvestor said:
Scorpio is adding ships which I like.-

Scorpio Tankers generated its largest quarterly profit in the company's history. The quality of the company as an investment continues to improve.

And we are positioned to create shareholders' value in what we believe will be a multiyear cycle. We also believe consistent with our actions that the best way to do this is first through improving our balance sheet. In the first half of this year, we reduced our outstanding debt by $511 million. And in addition, our pro forma cash balance has increased by $360 million to $591 million through July.

As we start the second half of the year, the company has declared repurchase options on six MRs under sale-leaseback arrangements for $95 million. With this and scheduled amortization, we will reduce our debt by almost $700 million in the first nine months of the year. That accounts for a 22% reduction in overall indebtedness. This debt reduction, combined with rising asset values leads to a material improvement in the company's loan-to-value as well as net asset value.

The third quarter earnings have started strongly. We have booked 44% of the days in the third quarter at a rate close to $45,000 a day. If we were to average $10,000 less, so $35,000 a day for the entire third quarter, the company pro forma liquidity would be close to $700 million at the end of Q3. Our customers expect the current market conditions to be sustained as evidenced by the increase in time charter rates, duration, and activity, and we agree with our customers.//

The winner is STNG.
More...
They're building garbage scow's.

You don't build container ships when the world is on the brink of economic collapse.
Duh!
 
Pilgrim's Pride price target raised to $36 from $30 at BMO Capital 09:10 PPC BMO Capital analyst Kenneth Zaslow raised the firm's price target on Pilgrim's Pride to $36 from $30 and keeps an Outperform rating on the shares. The company's Q2 earnings significantly exceeded consensus reflecting broad-based outperformance thanks to strong pricing, improving mix from increased labor rates, growth in branded product sales, and improved performance in Europe, the analyst tells investors in a research note.
;)
 
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