Okay, bit a little too early on OSG. But at least I now know one or more reasons for the price clobbering.http://www.reuters.com/article/2012/10/17/us-overseasshiphol...One of the more challenging tanker companies to analyze is our OSG. They just convolute theirearnings so it takes more effort to review. Then, there's the way the company reports.The company has said it plans to raise funds by selling some of its 112 ships but this could be hampered by the age of its fleet. Analysts say it is unlikely that the company will find buyers for its ships, the oldest of which is nearly 25 years. This section is just sloppy. First off, the OSG fleet might be 112 vessels, but the companyhas a substantial charter-in fleet (probably at least 40% CI). There might be a few vesselsin the 25-yo range, but if the gap is $100M, it isn't exactly overwhelming. I willdelve a little more into the company reports, but I'm getting more comfortable takinganother bite. The first two were more like nibbles anyhow.--ORI got a nice bounce today. Been behaving well recently.--Nice bounce from NNA today- with conviction too. About 8X volume.
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