Comments on Darspal Mann's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/darspal-mann/articles http://seekingalpha.com/article/87952-the-long-case-for-capital-source-inc?source=feed#comment-229766 229766 Wed, 13 Aug 2008 18:20:22 -0400 http://seekingalpha.com/article/87952-the-long-case-for-capital-source-inc?source=feed#comment-222279 222279 Mon, 04 Aug 2008 11:25:24 -0400 http://seekingalpha.com/article/87952-the-long-case-for-capital-source-inc?source=feed#comment-221310 221310 Sat, 02 Aug 2008 23:23:14 -0400
]]> http://seekingalpha.com/article/87952-the-long-case-for-capital-source-inc?source=feed#comment-218399 218399 Wed, 30 Jul 2008 11:18:11 -0400 http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-169043 169043 Fri, 16 May 2008 16:02:59 -0400 http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-166342 166342 Mon, 12 May 2008 13:22:12 -0400
TNK is where you should be (Wed May 14th EPS announcement)

TNK's parent company is TK which is the largest spot market vessel management company in the world.



TNK presentation

Q1 EPS = $0.76
YRLY EPS = $3.04

The company just bought two new Suezmax tankers on credit and you can see that the profits will go up based upon this purchase and the currently highly spot rates. Download the guidance chart from TNK directly.

link to divided payout schedule (guidance chart) based upon spot rates
www.teekaytankers.com/...
download 48kb 3 page file and look at dividend spreadsheet.

Here is the data you need to do the calculations - this data was acquired from a professional source confirmed to be accurate with TNK.

04/04/08
VLCC $95,263
SUEZMAX $60,471
AfraMAX $41,447

I watch and record the weekly spot averages for all tanker types.
The above list is the Average tanker daily spot rate as of the end of Q1. Q2 is higher already.


Here is the latest average including every week from Jan 1 to today.
05/02/08
VLCC $96,718
SUEZMAN $72,152
AFRAMAX $46,545

For those of you too lazy to download this critical guidance here is the brief summary.

Current Q1 spot rates

20,000 = dividend $1.64
25,000 = dividend $1.99
30,000 = dividend $2.34
35,000 = dividend $2.69
40,000 = dividend $3.04 ***** here we are

Download the full chart to see how the two new suezmax tankers effect income (its dramatic).

]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-159177 159177 Wed, 30 Apr 2008 07:56:31 -0400 http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-158111 158111 Mon, 28 Apr 2008 14:22:32 -0400 http://seekingalpha.com/article/74290-yen-outlook-stronger-on-japanese-economy-or-weaker-on-carry-trade-comeback?source=feed#comment-157768 157768 Mon, 28 Apr 2008 05:41:24 -0400
The USD is a "borrow" currency in the G10 carry basket a la the ETF DBV, due to its currently low interest rate. That is worth noting for when considering currency trends.

Cheers from Osaka,
john]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157698 157698 Sun, 27 Apr 2008 22:32:52 -0400
What the did not say was that the DRYS has invested its cash into buying a drilling platform company and new deep water drilling ships. Leasing oil platforms and drilling ships is a natural step for a company that leases dry bulk ships. DRYS eventually pay for most of the acquisition with the cash from operations.

The lease price for the drilling platforms is about 650K a day and rising. The price of oil should remain high and the deep water drilling ships and platforms are in very tight supply. I expect that the return on investment is around 17% and growing if they kept the company.


DRYS CEO stated at the last conference call that he wants to spin the ocean drilling off in1-1 1/2 years. It has been estimated the markets cap from such a spinoff would be around 5 billion. The CEO of DRYS said he will keep a portion of the company its spins off.

I think that he will spin off 50-60% and get all his investment back and still hold nearly 1/2 of a very profitable company. This kind of diversification continues to show the business savvy of DRYS CEO.

]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157458 157458 Sun, 27 Apr 2008 11:35:07 -0400
Bulk Dry prices are still 20% below their previous highs...they will go higher....]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157395 157395 Sun, 27 Apr 2008 09:40:05 -0400 http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157311 157311 Sun, 27 Apr 2008 00:18:23 -0400
The more aggressive types can think about FREEW

thecorrectcall.com/?p=78]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157277 157277 Sat, 26 Apr 2008 20:48:04 -0400
investingpennies.com/i...]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157248 157248 Sat, 26 Apr 2008 18:52:45 -0400 http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-157151 157151 Sat, 26 Apr 2008 13:14:59 -0400 http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-156900 156900 Fri, 25 Apr 2008 19:59:23 -0400 biz.yahoo.com/ap/08042... ]]> http://seekingalpha.com/article/74060-dry-bulk-shippers-good-to-go?source=feed#comment-156452 156452 Fri, 25 Apr 2008 09:18:05 -0400