The Razor’s Edge is an investing podcast that combines a prop trader’s viewpoint and deep-dive fundamental research to provide a unique take on the markets. The show is co-hosted by Akram’s Razor, a trader, tech enthusiast, meat lover, Marvel fanboy, battle tested activist short-seller and humble market servant, and by Daniel Shvartsman, VP of Content at Investing.com and someone who has seen thousands of investing pitches and ideas and how they play out over the past decade. The duo start with a theme or idea from Akram’s investing, then break it down to understand what goes into the idea, what could go wrong, and what else investors and traders need to know. They also interview industry leaders, executives, and other investors to get a wider perspective. The show has thousands of listeners around the world.
Episodes
Thursday May 14, 2020
Thursday May 14, 2020
J Mintzmyer speaks with Ardmore Shipping management about Q1 and the fast-moving product tanker section. Topics Covered 1:00 minute mark - What’s the underlying trade in the product tanker markets? 2:30 - Thoughts on broker rates versus actual ‘market levels?’ 5:30 - Difference in voyages in progress versus completed QTD? 6:30 - Thoughts on chemical side of the business, rates coming in lower? 8:45 - Shift in dividend policy, shift to deleveraging? 12:00 - Is Ardmore aligned? Can we trust you not to blow money on ships? 16:00 - At what point do you have to repurchase shares? 18:30 - Repurchases versus secondhand vessel acquisitions. 22:00 - Review of normalized ROA and ROE? 23:15 - Review of normal average MR product market? 27:00 - How do you communicate a ‘normalized value’? 30:15 - Visibility and thoughts on product floating storage volumes? 32:00 - Indications from customers/markets regarding terminal capacity? 34:30 - Parting thoughts for investors in Ardmore or product tankers?
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