Low P/E, positive FCF in bad times, 10% dividend (not guaranteed) while I wait, low P/B.
Bought at 7.50 on Dec 19 2016
Thesis & Catalyst For Euronav (NYSE:EURN)
Shipping market will improve starting 2018 according to www.statista.com/statistics/198254/forec.../
Earning will continue to decrease until Dec 2017. Debt to Equity manageable at 61.84% and current ratio (NYSE:TTM) at 1.72. It will weather the earning deterioration.
Disclosure: I am/we are long EURN.