Doon

Shipping Stocks: I'd Wait To Buy Frontline and Overseas

If I had a nickel for every think written why FRO should go down or below 40. This was the same message over a year. FRO has earned and deserves a $60+ price. Companies that print cash (minimum $1.50 dividends per quarter i.e. $6.00 minimum per year deserve a P/E of at least 10. FRO is a $60 plus stock and rising. The divididend this next quarter will be $4.00 or over - Book a tanker on it!!!