@Keppy91 Who knows. My guess is that the book is "fine" relative to the sector exposures, but that returns will be meagre for a while. I think early dip-buyers will grow tired, and that is more likely to be at a lower multiple than todays rather than higher. Just waiting patiently for now
Inspired by recent discussion about whether it's possible to learn trading outside an elite firm.
If you're the kind of person that reads this project and thinks it sounds fun, imo you'll be able to learn employable trading skills just fine on your own. https://t.co/czZMfucmpT
rather than reach for financing to buy new boats. Core shareholders seem tired and recent sales make me think the former rather than the latter is the more likely course of action. High leverage so can get ugly quickly if util in PSV market dries up
Bought a small position in $GEOS.OL. ~50% upside if SR leads to sell of remaining ships and dissolvement of the company. Should be earning decent (but nothing more) cash at current util / day rates while waiting for conclusion. Too small to operate eff. atm - hope they wind up,
President Trump explains that if you’re Poor it’s because you didn’t Buy Stocks:
60 Minutes: “Your Net Worth went up 3 billion dollars”.
Trump: “So did everyone’s”.
60 Minutes: “My net worth didn’t go up 3 billion dollars”.
Trump: “You should have had stock”.