Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Looks like competition for GLF GulfMark Offshore, Inc.

GLF has a relatively new fleet also.

Jason Moser likes GLF for his Real Money Motley Portfolio;
http://www.fool.com/investing/general/2012/05/30/the-one-ene...

GulfMark possesses one of the youngest and most geographically diverse fleets in the industry and management is not resting on their laurels. Not only has the company been able to cut its net debt in half over the past four years, it has also been able to launch an aggressive new build program in order to keep the fleet young. In fact, management expects nine new vessels to be constructed over the next two years, adding to the fleet's capabilities.

And it's not like these ships don't have a life after GulfMark. Management has a proven track record of vessel dispositions that they can be proud of. Going back to 2006, the company has sold off 20 vessels with an average age of 24 years and a phenomenal sales price as a percentage of original cost of 122%! Smart fleet management leads me to believe that the tangible book value of this company should continue to grow over time.


It's been a good CAPS pick for me.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement