Overseas Shipholding (OSG) Buy, Sell or Hold

Overseas Shipholding (OSG)

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DON'T BUY

Have state-of-the-art ships, but too much debt. Currently in bankruptcy protection and trying to work their way out of it.

DON'T BUY

Concerns about shipping. Ton of ships that are commissioned and getting built and there will be an over supply when they are built. Showing economy in China means less demand. Longer term we need to see some capacity rationalization, scrapping. Prefers 316-HK but would not buy unless it comes down.

DON'T BUY

Cancellation of the dividend is a prudent decision on management's part. Day rates for their vessels have been absolutely decimated and this company operates about 116 double hulled vessels. Have more of a focus on the Very Large Crude Carriers. Day rates have come down from about $27,000 per day to about $17,500 per day. He would be a little more optimistic on Teekay Corp (TK-N) which has the largest fleet of Aframaxes which are more manoeuvrable.

DON'T BUY

Not actively following. Prefers one out of Hong Kong. Sector is linked to global GDP. You want refrigerated containers.

DON'T BUY

There are some issues happening with regards to the shipping industry. On the container side you have overcapacity. 2010 was a record year but 2011 was a very poor year and you are generally starting to see freight rates climb. There are others that he would prefer.

WAIT

Have to be careful about the type of things that are being moved around. Trading from $10 to $13. It could be a leading indicator for the economy. Maybe at $14.

COMMENT

Chart shows big downtrend from early 2010. Seems to have a bottom at around $10. Shipping rates have come down dramatically because of large, large ships being built that are the equivalent of 2 so make sure this company has these. From a risk/reward standpoint, you could take a stab right around the current price and at this price should work out.

BUY

Huge capacity of extra ships coming online. All of these guys are loosing money. Good news is that every year ships get scrapped because they are not efficient. There are a record number of new ships being ordered. 2011 will turn out to be the bottom of the trough for them. Because of Iran, a lot of buyers of oil will have to buy oil by ship, which will be a net benefit for these guys.

COMMENT

Largely a bulk carrier under a US flag giving them the right to ship from one US port to another US port. Commodity market has been in oversupply which has hurt them. At some point it will be okay.

WEAK BUY

All the indicators are pointing down. But we have a couple of times it hit the bottom of the chart. It looks like it wants to go higher. It looks like the worst is over. Probably a good risk/reward

PAST TOP PICK

(A Top Pick July 22/11. Down 41.47%.) Still buying this. Oil tankers are not going to improve until at least next year at best. Long term hold.

HOLD

A survivor in a very tough industry. Suffering from high oil prices and Libya is not shipping oil. You have to sit with this company. He added to his recently.

STRONG BUY

Just added to it. Has been a huge amount of insider buying. Looks like this will be the bottom quarter for them. Worst appears to be over. Looking for upside surprises. Addition of Libyan oil to the market will bring prices down for oil and be a benefit for OSG.

DON'T BUY

Has a lot of head winds to it. Oil tanker business is over developed over the last couple of years. IF we have slow growth in North America it wont bode well for a stock like this. Not a great balance sheet. Keystone will have an impact on tanker shipping North South. But it appears to be cheap.

TOP PICK

Contrarian play. It’s a long-term (3-5 years) play. It is the largest oil tanker company in the world. Oil prices have nothing to do with their rates. What matters to them is the supply/demand balance and number of ships out there. New ships are coming on this year and next. Tangible book value of $65. He thinks it is a triple over 3 years.

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Overseas Shipholding (OSG) Frequently Asked Questions

What is Overseas Shipholding stock symbol?

Overseas Shipholding is a OTC stock, trading under the symbol OSG (previously OSG-N on Stockchase) on the undefined (undefined). It is usually referred to as or OSG

Is Overseas Shipholding a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on OSG (previously OSG-N on Stockchase) on Stockchase. Read the latest expert commentary for Overseas Shipholding.

Is Overseas Shipholding a good investment or a top pick?

Overseas Shipholding was recommended as a Top Pick by Richard Fogler on 2011-07-22. Read the latest stock experts ratings for Overseas Shipholding.

Why is Overseas Shipholding stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Overseas Shipholding.

Is Overseas Shipholding worth watching?

Overseas Shipholding is covered by Stockchase experts and is worth watching.

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Overseas Shipholding (OSG)