So logically if the cycle stays good for years, we should all just keep selling until the or hits zero.... Your logic breaks down if you believe in long term winners in cyclical industries. Like southwest air for instance
Sentiment: Strong Buy
Not really, but in june 15th the sp was at 10. I got in below 10, but:
"In a recent interview, Tsakos said more boats will be coming into the market for the rest of this year and next, but new vessel supply will drop off in the following years."
If he had said "for the rest of this year", I would have had a more positive approach to this stock. But a lot of boats coming in the next 18 months is not good news and the average earnings estimate of 1.66 per dec 31th might be too high. I think Mr. market is scared of the coming ships. In general cyclical stocks you should buy, when the PE is high and sell when it is low.
To sum up, 30% upside in the coming months would be more than welcome and I would then be selling some or all of my holdings. The break-even point would be more or less reached and I could move on.
I took this as good news too. I'm long TNP, DHT and TGP...thinking about EURN, but don't like their semi-annual distribution...
According to market realist all of the 12 analysts covering the stock gave it a “buy” recommendation. TNP’s average 12-month price target is $10.19 against its price of $6.10 on April 15, implying a return of 67%.
I wonder how sucessful Wall Street firms are in pushing the stock. Why am I afraid, that they are not so successful?