The Panic-Proof Portfolio (Stockchase Research) International Seaways INSW-N TOP PICK Mar 16, 2023

We reiterate INSW, one of the largest operators of large crude oil and refined product tankers in the world - operating 83 vessels worldwide, as a TOP PICK.  We like that cash reserves are growing while the company aggressively retires debt and buys back shares.  It trades at 1.3x book value and boasts a 29% ROE.  It has a low beta, meaning it operates more independently of the underlying equity market.  We continue to recommend a stop-loss at $36, looking to achieve $58.50 — upside potential over 40%.  Yield 1.0%

Our PAST TOP PICK with INSW has triggered its stop at $36.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 11%, based on our previous buy recommendation.  

INSW is one of the world's largest oil and refined products tanker operators.  They have just acquired six new vessels at a time when there is limited shipyard capacity for new orders.   Recently reported earnings beat analyst estimates by 18%.  It trades at 5x earnings, 1.3x book and supports a 29% ROE.  We like that cash reserves are growing, while debt is being retired.  We recommend setting a stop-loss at $39, looking to achieve $70 -- upside potential over 40%.  Yield 1.0%  

As one of the world's largest tanker operators in the world, shipping refined products on 82 vessels, INSW is reiterated as a TOP PICK.  We like that cash reserves are growing, while debt is retired.  The company recently announced a large share repurchase, following the sale of one of its vessels.  It trades at 5x earnings, 1.3x book and supports a 29% ROE.  We recommend maintaining the stop at $39, looking to achieve $71 -- upside potential of 37%.  Yield 0.9%.

Our PAST TOP PICK with INSW has triggered its stop at $39.  To remain disciplined, we recommend covering the position at this time.