DHT Holdings Inc (DHT)

[downsideup]

"DHT should be selling for over a $1 "

I agree that there's more value here than the market reflects, currently...

"I still believe that current share price is suppressed by the"...

I'm shocked, shocked to find there is gambling going on here ?

This is the stock market we're talking about, isn't it ?

Why is it that I find myself thinking that DHT is probably not the first stock where someone might have found it useful to try to prove the efficient market theory is bunk ?

I still don't think shipping stocks nearing the bottom of a downturn in shipping, is where investors focused on yield should be looking for current payout, rather than for risk taking opportunities focused on future performance with any changes in the market situation.

Shipping stocks tend to be among the least reliable divvie payers, given the natural dependence of ship owners on leverage... and the natural impact of that dependence on their performance... but, then, at market bottoms, if you pick the survivors, and, more, if you pick those that are able to make the turn smartly without taking on too much water, you can buy some large future payouts, tied to market improvements and the upside inherent in the positive use of leverage when rates are rising, for pennies on the dollar...

In past cyclic rebounds, in the 60's, 70's and 80's, I've seen shipping company stocks apparently leap up off their deathbeds... only after they announced extraordinary dividend payouts larger than the share price... buy a share for $0.25, get a $0.75 divvie, and watch the shares deliver a 10 bagger or better, after the payout... when others figure out "shipping is back"...

I don't understand why it is that the market is permanently stuck on stupid in recognizing the cyclic nature of the impact of market cycles... but, I guess I'm not one who should complain about that... ?

If the market is mispricing DHT now... ? Thanks ?

I'm also not saying I'm expecting to see that sort of result in an extraordinary dividend happening here anytime soon... rather than saying, even though we're perhaps still early in the "shake out", that it looks to me like DHT, whether because they're lucky, or good, is already easily recognizable, now, as well enough prepared for the market conditions to make them a survivor, with management who clearly "get" the cyclical nature of their business, who are prepared for it, ready to take advantage of it, and who are doing a vastly, vastly better job than others are in managing their capital accounts in response to changing market conditions now, as the market cycle works its way through what it must...

If anyone here is involved as a trader, thinking the market cycle in the shipping industry will work its way through a bottom and a turn around in a quarter or two... they need to stop smoking that stuff...

JMHO