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Frontline (FRO): The 'mac daddy' of oil transports |
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| Jun 25, 2008 12:49 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Newsletters, Commodities, Oil, Stocks to Buy "Frontline Ltd. (NYSE: FRO) is the 'mac daddy' of the oil transport business," says growth and income expert Bryan Perry, who has added the shares to the model portfolio of his 25% Cash Machine. "Frontline is doing a much better job of executing profits in the current market for transporting crude oil. FRO posted first quarter results that showed a jump in profits of 40%, with a dividend hiked to $2.75 for the quarter. That translates into a current annual yield of 18.25%. Even better, the company forecasts continued strength in operations and quarterly distributions. "This kind of profit growth is a result of FRO being leveraged to the spot market for day charter rates for double-hull tankers. The company is by far-and-away the largest shipping company, with 76 vessels and a market cap of $4.4 billion. Continue reading Frontline (FRO): The 'mac daddy' of oil transports Permalink | Email this | Comments<map name="google_ad_map_145-1235564"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1235564?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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