In the latest edition of the Marketplace Roundtable Podcast, J Mintzmyer discusses his bread and butter: the global shipping sector. Shipping stocks took a major thrashing in the last few months of 2018, meaning there are now several deep value picks within the sector trading at multi-year discounts. In addition to some of his current high conviction picks, Mintzmyer, who runs the Value Investor's Edge Seeking Alpha Marketplace service, lays out his approach to investing and discusses the macro outlook for the shipping sector in a wide-reaching conversation.
Topics covered
2:00 - How did you become interested in shipping? Description of shipping sector 3:15 - Why is there so much volatility in shipping? 4:30 - Shipping stocks with high dividends, e.g. HMLP and CMRE. 6:00 - Counter cyclical opportunities, susceptibility to energy prices 8:30 - Investing philosophy, deep value 13:30 - Day to day research process 16:45 - Defense against single stock risk 21:00 - Non-shipping investments 26:15 - Outlook for shipping sector 35:00 - Effect of climate change on shipping investing 39:00 - Long idea discussion of Golar (GLNG) and Golar Partners (GMLP) 47:30 - Pair trade idea: Eagle Bulk (EGLE) and Scorpio Bulkers (SALT)