Joey Keasberry

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.