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Overseas Shipholding Group, Inc. (OSG) CEO Sam Norton on Q4 2020 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts

Overseas Shipholding Group, Inc. (NYSE:OSG) Q4 2020 Earnings Conference Call April 7, 2021 9:30 AM ET

Company Participants

Sam Norton - President and Chief Executive Officer

Dick Trueblood - Chief Financial Officer

Conference Call Participants

Ryan Vaughan - Needham

J Mintzmyer - Value Investor’s Edge

Alexander Jost - Arctic Securities


Good day and welcome to the Overseas Shipholding Group Fourth Quarter and Full Year 2020 Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Sam Norton, President and Chief Executive Officer of Overseas Shipholding Group. Please go ahead.

Sam Norton

Thank you, Sarah. Good morning, everyone. Thank you for joining us for this call on the presentation of our 2020 fourth quarter and full year results and for allowing us to provide additional commentary and insight into the current state of our businesses and the opportunities and challenges that lie ahead. As usual, Dick Trueblood, Molly Arcia and Princeton McFarland are joining me on this presentation.

To start, I would like to direct everyone to the narrative on Pages 2 and 3 of the PowerPoint presentation available on our website regarding forward-looking statements, estimates and other information that maybe provided during the course of this call. The contents of that narrative are an important part of this presentation and I urge everyone to read and consider them carefully. We will be offering you more than just a historical perspective on OSG today, and our presentation includes forward-looking statements including statements about anticipated future results. These statements are subject to uncertainties and risks.

Actual results may differ materially from projections and could be affected by a variety of risk factors, including factors beyond our control. For a discussion of these factors, we refer you specifically to our Annual Report on

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Comments (5)

Cue Ball profile picture
It does not appear that management cares about the stock price .
J was right to sus. Saltchuk bought another 720K shares on Monday:

A "major shareholder" listening the call: "🤬 Mintzmyer!"
J Mintzmyer profile picture
With Saltchuk adding to their position and AIP seemingly hitting the $CKH takeover at $41.50 today, $OSG looks ripe for a takeover play during 2021.

If they are comped closest to peers, such as Seacor's recent Jones Act acquisition a couple years ago or AIP's recent takeover bid, then we should see a $6-$8/sh valuation range.

So wild that this still trades in the low-$2s despite being an obvious recovery play *and* a clear takeover candidate, but it is what it is... Looking forward to a clear recovery here and potentially some fireworks by summer.
argonbeam profile picture
@J Mintzmyer Thanks for your presence on the call and the way you handled some tough questions. Kudos to OSG management for answering as well.
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