Scorpio Tankers: Value In A Distressed SectorRupert Hargreaves
Scorpio Tankers Inc. (NYSE:STNG) presents an interesting value opportunity. On one hand the company is undervalued and churning out profits in an industry that is generally losing money, plagued by overcapacity, low day-charter rates and vicious competition, (it has been known for a customer that sees a port full of empty tankers to bid the ship owner down). On the other hand, the company is aggressively building its fleet, buying up . . .
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