I have been secretly stashing shares of Teekay Tankers (TNK) away for a while now, a few shares each month during the bear recession. TNK ships oil around. People get container shipping and dry-bulk shipping confused. Where as consumer and commercial buying indicators are backed up by container shipping dry bulk is what indicates performance in the commodoties market around the world.
Things to look at with shipping are the Baltic Index, Spot Rates, Charter Contracts, shipping capacities. Many of the shipping stocks suspended dividends in order to take advantage of the ship purchases during the downturn.
TNK's dividend is around 20% at today's price. Frontline (FRO) was another favorite for a ridiculously high dividend payment...
CNBC had a good post today so here it is: http://www.cnbc.com/id/33492795
Happy Trading...
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