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Oil Tanker Stocks Are Going Wild Thursday I see upside in the common stocks of oil tanker shippers as we move into 2021.
Dec 10, 2020 | 03:36 PM EST
I am going to write about the oil tanker shippers today. The stocks in that sector are going bananas today, and that not only helps my firm, but it gives me a reason to write about companies that actually create profits and do so by deploying capital at a level that ensures they earn returns on that capital above its cost.
That s not limited to the tanker shippers. Apple (AAPL) and Microsoft (MSFT) create economic value, too. The issue is that in today s tech-crazy market, investors have fallen in love with companies that do not create economic value Tesla s 9m2020 ROE was 2.3%, well below its cost of capital or don t even have a meaningful path toward creating real returns (Airbnb (ABNB), for example, if its offering documents are to be believed.)