Jul. 1 at 3:17 PM
$TRMD many dividend paying stocks struggle at about 10% yield. Here nobody believes the guidance, so it is fair to expect
$16 to be the downside limit at the latest dividend payout. Also - nobody cares about the payout ratio. So if they limit that further - the stock might fall. Personally I don't expect that to happen, but it is possible in this shipping environment. Anyhow - TRMD is just a part of diversification, no sense to buy it here for a core investment in my opinion. It just a waste of money. It only makes sense - if you believe in shipping rates going up. I don't. I also don't trust the main holder. Oaktree has no plan to lift it up whatsoever. They just want to sell. So forget 20 handle. If the whole sector goes up - then that's a different story, but who buys ships anyway? In that case it'd probably be better to buy several of them, because TRMD stock is the worst of all. But I think it is probably just better to buy oil and gas exploration index, say XLE or VDE or XOP.
