Hohum777

Chris Mascarenhas

Hohum777’s Activity

Yesterday

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Boards Post

Hohum777 posted to the Value Hounds board. 9:28 PM

Market hiccup + JF companies

Hohum is a little challenged for time and internet connectivity, so this is more of a quick snapshot
than an in-depth review.

Many of the Fredriksen backed entities (Frontline 2012 (to soon merge with FRO), SFL, FRO, NADL & [more]

Fri Aug 28

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Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 12:54 PM

Re: Aug 2015

8/27
Quite interesting in JF-backed company results
- Although FRNT has newer vessels, Q2 results on the weaker side
- SFL announced results, including a dividend hike
- FRO's VLCC and Suezmax avg rates were lower than Q1 (not a major [more]

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Boards Post

Hohum777 replied to the Macro Economic Trends and Risks board. 9:40 AM

Re: 1987 Stock Market Crash

Additional thoughts on China from an investor with broad sector interests in both developed and developing
markets- John Fredriksen.

- China is a concern, oil is a concern

[more]

Thu Aug 27

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Boards Post

Hohum777 replied to the Macro Economic Trends and Risks board. 2:46 PM

Re: 1987 Stock Market Crash

Do people really believe we will be hurt by China more than Euro countries (the Euro comprises
nearly 50% of the Dollar Index)?


Having seen shipping stocks take 10-30% dives on the news of China's problems, I think it is [more]

Wed Aug 26

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Boards Post

Hohum777 posted to the Frontline Ltd. board. 1:14 PM

Q2 2015 results

Announced earlier today
- Operating rev of $134.8M
- Net income $17.4M
- VLCC avg $50.6K (Spot avg $53.6K)
- Suezmax avg $33.8K (Spot avg $38K)
- 4 vessels dry docked
[more]

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Boards Post

Hohum777 posted to the Frontline Ltd. board. 12:56 AM

Another Suezmax sold?

A couple of brokers- Charles R Weber and Intermodal are both reporting the other 1995-build Suezmax, Front
Splendor
, has been sold.

[more]

Tue Aug 25

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Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 11:33 PM

Re: Aug 2015

8/25
Friday (8/21) and yesterday (8/24) were two really ugly days. Today, I might have eked out a gain, or
perhaps, break-even. I think the bounce in some tanker ideas might have helped.

Nibbled on more NAT.

Seems like FRO [more]

Mon Aug 24

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Boards Post

Hohum777 replied to the Macro Economic Trends and Risks board. 12:09 PM

Re: Anybody remember

What I picked for the contest. One was SDS, I don't remember the other.

Cheers
Qazulight


Hint: Your employer. :)

You picked it both last year and this year

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Boards Post

Hohum777 replied to the Shipping News board. 12:03 PM

Re: NMM is Tanking (Pun not intended)

This doesn't apply.
Yes

NMM is not an MLP so it doesn't apply if I under stand this.

But this is not the reason.

NMM is an MLP (See their own definition)--
[more]

Sun Aug 23

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Boards Post

Hohum777 replied to the Macro Economic Trends and Risks board. 11:18 AM

Re: How will private equity do?

Just a couple of data-points
1. You do realize that public BX and KKR are just mini-me creations of the respective parent entities?
2. PSEC is more a Business Development Company (BDC) than a real PE entity.
3. PSEC is undergoing a [more]

Fri Aug 21

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Boards Post

Hohum777 posted to the Hohum's RollerCoaster Ride board. 8:59 PM

Aug 2015

8/21
After today's shellacking, markets are likely not too far from correction territory ... if not there
already. Ouch! It is starting to get quite ugly out there for energy, Chinese names, dry bulk shipping, and
some biggies e.g. AAPL, [more]

Tue Aug 18

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Boards Post

Hohum777 posted to the Shipping News board. 11:49 PM

An LNG pool

The Cool Pool is an LNG tanker pool established by three LNG tanker owners- Dynagas, Gaslog (GLOG) and
Golar LNG (GLNG), to operate on short term charter opportunities. Each entity is contributing similar
types of vessels i.e. TFDE-powered [more]

Mon Aug 17

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Boards Post

Hohum777 posted to the Value Hounds board. 8:01 PM

KMI makes Jones Act tanker bet

Early last year, KMI acquired 5 Jones Act tankers under construction. It appears that KMI has scaled up
its bet with the recent news of its plans to acquire an additional quartet of new Jones Act tankers from an
entity called Philly Tankers [more]

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Boards Post

Hohum777 replied to the Value Hounds board. 8:47 AM

Re: Buffett shuffles

Charter sells at a very high p/e, VL sees it as over valued. What is the story there?

sw


At least two possibilities
1. The influence of the newer BRK advisors
2. A Bill Gates suggestion - his former pal and Microsoft [more]

Sun Aug 16

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Boards Post

Hohum777 posted to the Shipping News board. 12:07 PM

VLCC rates correcting

While VLCC spot rates being lower is not completely unexpected for Q3, the scale of the drop is quite
severe- down from around $100K (weekly TD3 avg) last month to $37K this week. Suezmax rate drop on TD20
much less (enough for a Suezmax to [more]

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Boards Post

Hohum777 posted to the Value Hounds board. 11:45 AM

Buffett shuffles

Details on Berkshire Hathaway's (BRK) holding to end Q2 were released. Among the items
- Exits of National Oilwell Varco (NOV) and refiner Phillips (PSX)
- Reduced energy-related interests further with the trimming of Chicago Bridge & [more]

Sat Aug 15

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Boards Post

Hohum777 posted to the Shipping News board. 6:32 PM

More GLNG board shuffling

About a year ago, the Golar LNG (GLNG) board had a major shuffling after John Fredriksen sold his GLNG
stake. Fredriksen quit as board chair and was eventually replaced by Sir Frank Chapman. The only close
confidant of Fredriksen who [more]

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Boards Post

Hohum777 replied to the Macro Economic Trends and Risks board. 12:21 PM

Re: American Apparel Running Out of Cash

The Los Angeles, California-based retailer, known for manufacturing its products in the United States,...

Hee Hee! I think their assumption is incorrect. The first two things that come to mind for me regarding
American Apparel [more]

Thu Aug 13

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Boards Post

Hohum777 replied to the Dividend Growth Investing board. 3:20 PM

Re: Dividend basket

I'm surprised the basket you assembled has no utility stocks.

Utilities would likely show up very consistently in a Graham defensive screen. There's a fair number of
good names in the sector - Consolidated Edison (ED), Vectren (VVC), [more]

Tue Aug 11

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Boards Post

Hohum777 replied to the Value Hounds board. 11:57 PM

Re: Poll: Death Cross

The market is trouble when a really, really big number (Google) turns into (Alphabet) soup ;)

Some of my "boat-owners" are listing badly ... but most are not dead quite yet.

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