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
Monday Oct 21, 2019
Monday Oct 21, 2019
The third public episode of Value Investor's Edge Live is a bonus episode, following on Thursday's discussion with Euronav (EURN) CEO Hugo de Stoop. J Mintzmyer spoke a few days later with peer company International Seaways (INSW), specifically CEO Lois Zabrocky and CFO Jeffrey Pribor. The conversation touched on similar themes, including the recent disruption in Saudi Arabia's oil supply and the pending IMO 2020 regulations. Zabrocky and Pribor shared how they are thinking about capital allocation and their view on the stock's relative underperformance, compared to peers. This was recorded on the 20th of September, before the recent big move in the shares. Given recent attention on the sector and the forthright nature of the conversation, it should be an interesting listen for followers in the sector. Topics Covered 1:10 minute mark - Start of discussion / Initial commentary on Saudi disruption 3:50 - What sort of situation could hurt rates? 6:20 - How are US exports looking? Signs of capacity constraints? 11:30 - IMO 2020 discussion / What have you seen in the markets? Positioning? 14:40 - What's going on with product tanker markets? When will they move? 17:25 - What are the capital allocation priorities? 20:10 - Is fleet growth and renewal still a consideration? 21:00 - Scrubber commitment beyond 10 vessels? 22:00 - Scrubber savings expectation in TCE? 23:10 - What are futures showing for spreads between fuels? 26:00 - What is INSW underperforming peers? Why should investors buy now? 29:30 - Are you considering repurchases? Any constraints to implementation? 30:50 - Strategic vision of refinancing? Any relevant covenants? 32:50 - Are your joint-ventures considered 'core?' Economics & plan there? 34:45 - What's the potential timeline for LNG JV refinancing? 36:40 - Is the share float or liquidity a concern for repurchases? 38:00 - How is your performance compensation related to share prices?
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.