Joey Keasberry

Looking for the Next Bubble: Commodities?

Really, any comparison with the past is far fetched. We are in a financial crisis that is probably as bad as or worse than the one causing the Great Depression. Government debt in combination with double digit M3 growth and massive inflation means that high commodity prices may be here to stay, at least for a longer while than we've seen in the past 100 years.

Tsakos: Undervalued Shipping Giant

My target is based on the company's undervaluation. Compare Tsakos to some of its tanker peers and you'll see.
At a current share price of $73, the target of $90 is still 23% away, but the trend is strong and so is the maritime transportation market. Working for a supplier to this industry, we continue to hear positive comments from our customers on the market. Newbuilding orders continue to the placed at a high pace, which also tells us that the market outlook continues to be strong in the eyes of tanker owners and managers.