Frontline Llama
valley_llama
Gold stocks.Commodity inputs, commodity output.Poor capital allocation.Poor governance.Growth capex > depletion.Upside operating leverage dampened by resource nationalism.LT fair multiple for an average stock: 20.Fair multiple for a gold
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$SALT Scorpio Bulkers Ltd.Looks like shareholders have a pretty good oppression claim here.Let's see what these guys are up to... Figure 1 (2 April 2020): Form 20-F provides for "change
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John Templeton on his investment methods.Buy at the point of maximum pessimism.Buy whatever is cheapest, globally. Usually unpopular.Invest tax-efficiently.Be patient.https://www.youtube.com/watch?v=XhlkKyFzRPw&ab_channel=TalksatGoogle
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Surgeon general's warning: tanker content could be hazardous to your wealth.$DHTInteresting conference call.Paraphrasing:16/27 ships on time charter, fading the market (bearish).Said they cannot do more TCs in a spot business
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A shipping company trades at half of NAV. What a bargain! Or is it...Let's say a shipping company has a fleet of 50 vessels worth $20 million apiece. The assets
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