company has virtually no tangible book value. I considered buying some shares today, but that factor alone scared me off. I'd be interested in comments from those of you who are better acquainted with this company. I presently own shares in VLCCF, NAT, TRU, WTU, RAS, SGU, CPV, LHO, CARS. I like high dividend energy issues, epecially in light of the present energy starved economy.
Your point is well taken, though WTU's book value is considerably greater than SJT, and WTU was selling only at 3 times book when I purchased it. However, your response begs the question relating to your degree of uneasiness about holding shares of this company.