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#147 J. Mintzmyer - How To Navigate And Invest In Shipping

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Tanker Stocks - What's Your Summary on That Segment?

There's people that have been bullish on tankers every day of their life for two years. The stocks are very overgated they're way overbought and if you look at valuation metrics the stocks have already priced in a lot of that bullishness now is there more upside ahead Chris? If those rates don't pan out if those rates weaken or go down or if we get this big recession that everyone's like worried about the stocks aren't going to do well. That's what worries me on tanker stocks is that it's all spot and we don't know what the next six months are going to be I can tell you it's looking bulge but I want a discount to that

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