Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

A Rising Tide Of Sentiment Has Lifted Ship Finance

My decision to call Ship Finance (NYSE:SFL) a Top Idea back on September 19, 2013 wasn't a particularly popular one, but the shares of this large marine vessel leasing company have risen almost 25% since then, while paying a healthy dividend along the way. I'll call that a short-term victory, particularly as Ship Finance has performed just as well or better than a lot of the vessel operators, including Nordic American Tankers (NYSE:NAT), Costamare (NYSE:CMRE), and Navios Maritime Partners (NYSE:NMM).

There seems to be more optimism now about tanker and vessel rates than there has been in some time. Ship Finance has also managed to add vessels to its fleet, with attractive...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details