Ride Scorpio Tankers Higher Via Scorpio Bulkers [Seeking Alpha]
SCORPIO BULKERS INC (SALT)
Last scorpio bulkers inc earnings: 1/27 07:47 am
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US:NYSE Investor Relations:
scorpiobulkers.com/investors/shareholder-services/dividend-tax-treatment/2018
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Source: Seeking Alpha
SummaryHistory doesn't repeat itself, but it does often rhyme. We're presented with a repeat of a super profitable arbitrage opportunity.In May 2019, we identified a major discrepancy in Scorpio Bulkers' pricing vs. its underlying holdings in surging Scorpio Tankers.Investors generated over 30% returns in 4 months via SALT while also benefiting from a higher margin of safety. STNG returned only 4%.The same situation returns today, only even more extreme. SALT now trades at less than 50% of the value of its fleet and holdings of STNG.This article was highlighted for PRO subscribers, 's service for professional investors. Find out how you can get the best content on hereHistory Repeats Itself: Buy SALT to Ride STNGI published nearly theexact same long thesisI highly recommend a review of that report so readers can see the similar setup we had last year. Also keep in mind that Scorpio Tankers, the underlying 'hidden gem' is even more undervalued this time around and is also generating ov
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