>Services sector lost 17 million jobs in June >Goods producing sector gained 5.23 million jobs
Andrew Edwards
A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. "Open these if you run up against a problem you don't think you can solve," he said. Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit's end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, "Blame your predecessor."
The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press -- and Wall Street - responded positively, sales began to pick up and the problem was soon behind him.
About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, "Reorganize." This he did, and the company quickly rebounded.
After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope.
Quite very difficult, almost as difficult as my boner. But this DHT conference call is nothing but the most fantastic news ranging from securing more pay already Q2 than the entirety of their record Q1 with near 600 days worth of spot contracts available still to fill, to buybacks being on the table, to expectations that full capacity for storage will likely happen in May. And of course 60% payout to shareholders secure.
If market dumps tankers, and especially DHT today then idk what to do going forward, nothing matters clearly if so.
