>Past earnings reports (alphabetical) ASC: EST EPS $0.14, actual $0.20. DHT: EST EPS $0.54, actual is $0.44 (divvy of $0.35). EURN: EST EPS $0.86, actual $1.05 (divvy of $1.10). INSW: EST EPS $1.45, actual $1.49. NAT: EST EPS $0.26, actual $0.27. NNA: EST EPS $0.00, actual $0.94. OSG: EST EPS N/A (Q4, 2019 was $0.12)., actual $0.28. STNG: EST EPS $0.49, actual $0.82.
If you are sincerely asking, tankers are making record profits and for most companies their rates are contracted through this year. So even if we don't see their stock value rocket, they are handing out amazing dividends so you can safely make even 20%+ through dividends.
>tankers are making record profits Wow thats great I wish I was the CEO, too bad I'm not so it doesn't matter. >you can safely make even 20%+ through dividends. If the dividend doesnt get cut for a year I'll break even over a year from now after taxes. Meanwhile if I had put everything into ET for their dividends I would have already recouped my losses in share price and received a good dividend ontop of it. This is not and was not a good play.
Matthew Rogers
Those profits mean sustainable dividends if not increased stocks. Concerning taxes, explain. You'll make a profit regardless of taxes. Only a % of the dividends are taxes.
Isaac Sanders
Profit comes from recouping losses from buying a share price that has lost 20% of its value. It will take a long time even with the dividends. It's a completely inefficient strategy compared to other sectors and a big mistake I've learned from. It's something I'm definitely not "comfy" with.
Jordan Allen
I know that you dont just let anyone post here I have only lost 42% on my tankerchads after my comfy divvys am I allowed to post here or should I lurk until I hit 60%%
>Those profits mean sustainable dividends if not increased stocks. True for a normal company, but I think this month proved thats not the case for tanker companies for whatever unknown reason
Henry Fisher
as long as you've lost over 30% you're allowed to cope here (but collected comfy dividends)
Gavin Ortiz
I fail to see how a high assurance investment is bad. Making 20%+ return alone is solid. Couple that with the fact a supercycle within the tanker industry is expected, only an opportunity cost arguement has any merit and even then that applies to all investments. There's always a better investment, but this is an investment with a solid return. Maritime industry is volatile, it will return to the levels it was a month ago even if it takes a year. In that time you can still get solid returns. You only lose if you sell. Again, the obsessive anti-shilling here is sad. What's wrong with people investing in an industry while making a profit.
I understand how we are making billions on storage of free oil but what is super cycle no one is flying anymore that's bullish right because then we get more free oil barrels?
Lincoln Gutierrez
C'mon in for comfy divvys and stay for the tricycle
Asher Bell
See, first valid argument. Why can't the rest of you argue like this. The super cycle is that rates will remain incredibly high due to imo 2020. This standard requires emission standards, that combined with an on average old fleet means there will be a low ship supply after this year. This low supply with lead to high demand of tankers meaning high rates for the next couple of years. It makes it a safe investment from a dividend point of view and rates should increase due to these companies already highly undervalued as is.
Holding my stocks for 2 years, will re-access along the way and with more tanker sector news, into post recession and supply destruction. biz only likes immediate baggers, but that's how you can tell it's all kids here. Long EURN and STNG.
If you study a sector and company enough that youre confident in being a shareholder you just have to be patient and not mind going down 10,20,30,40% as long as the fundamentals of why you invested haven't changed. You should be happy to be able to get your average down.
You have to keep re-accessing but that's how money is made. Slowly and surely. I got my first 10 bagger by waiting 1 year. Turned about 200 into 4000 eventually, but it takes patience. I checked my assets like once a month. Keep up to date on news but short term stock noise is for gamblers, traders, or suckers.
Yes stick with the plan. I'm averaging down for at least the next five years then hope to break even with my divvies worst case scenario 10 years to get back to even. Win win win win four ways of winning
Parker Gomez
I'll add glop. Pretty much just build it from my investments and requests.
Easton Anderson
Requesting a HODL sea cat Muhreeeeeeeeeeeeeeeens
Jonathan Brown
Wow glop is only down 84%. That's not good enough to brag about
You see theres this guy called brandon.... a legend really he saved many an user from financial ruin and the bragging rights forthwith. Some say he still lurks these bored other says he is satoshi nakamura
Caleb Davis
What are the (You)s are the pictures? And who is he quoting?
Grayson Jenkins
An epic battle of seat cat pirates yelling hodl vs the Goldman interns yelling reeeeeee. Longnoses winning bigly at thus time to the all in the DMT muhreeeens
