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Value After Hours S04 E29: The Boring 20s, Burry Sells All But Prisons, Value and Interest Rates

The Acquirers Podcast

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Is China Going to Have More Ships?

Port congestion in China means more ships are going to be travelling slowly. This is equivalent to having less capacity, i correct. But if there is poor congestion that continues, it just takes longer for a ship to get where it needs to go. So you have like kind of this phantom capacity reduction. They're coming out of the other side of this. Theyve got five unencumbered ships. They're paying down their debt, they've got contracted ibta ah. Obviously that's like a joke in that industry, cause you've had plenty of leverage and plenty of reinvestments. It's one of those things that i could see why on the back end they say we don't have

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