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Glenn Rogers is a longtime contributor for ( His background is in Media and Publishing and has held a number of senior positions in major magazine and newspaper organizations. He has also successfully partnered with private equity firms to... More
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  • Take Profits On Textanier 1 comment
    Mar 18, 2013 7:14 PM | about stocks: TGH

    Textanier Group Holdings Ltd. (NYSE: TGH)

    Originally recommended on Nov. 23/09 (#2942) at $15.68. Closed Friday at $41.54. (All figures in U.S. dollars.)

    Bermuda-based Textanier Group was recommended in November 2009 when the stock was trading at $15.68. It has had its ups and downs since but lately it has been on the rise with the shares hitting a 52-week high of $43.96 on Feb. 12. It has pulled back a little since, ending the week at $41.54 but that still leaves us with more than a double on this one.

    The company reported good 2012 financial results with revenue up 15.2% to $487.1 million. Adjusted net income was $201.2 million ($3.85 per share, fully diluted), an increase of 12.9% from 2011.

    That said, the chart is looking a little tired here. Even though the stock doesn't look overly expensive with a forward p/e ratio of 9.3 and a dividend yield of 4.3%, I suggest we cash in our chips and move along. Including dividends of $4.35 per share, we have a total return of 192.7%.

    Action now: Sell.

    Stocks: TGH
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    Author’s reply » Profits you can't beat that!
    18 Mar 2013, 07:44 PM Reply Like
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