Listen to the podcast below or on the go via Apple Podcasts or Spotify. Shipping expert J Mintzmyer discusses the cyclical nature of the shipping sector and his preferences for tankers, specifically Scorpio and Tsakos. He also addresses how macro concerns are impacting stocks.
Transcript
Nathaniel Baker: Welcome to the Investing Experts Podcast by Seeking Alpha. I am Nathaniel Baker, Senior Editor here at Seeking Alpha. Joined today by J Mintzmyer of the Value Investor’s Edge investing service that we have here on Seeking Alpha. J, thank you so much for rejoining the podcast. I know you’ve been on before. It’s great to have you.
J Mintzmyer: Hey. Thanks for having me back on it. It’s great to return and talk a little bit about our investing process, the shipping market, and we’ll see what else comes up.
NB: Yeah. Looking forward to all of this because you’re an expert, as you mentioned on the maritime industry, oil tankers, things like that. Now, this industry is notoriously sickle [cyclical]. At least that’s the understanding I have. Maybe there’s some inaccuracies there. You can clarify, but assuming it is cyclical, assuming that this is accurate, where in the cycle do you see us right now?
JM: Yeah. I know you’re definitely correct that it’s a cyclical industry, and it’s also a bit of a commodity. So, you get even extra volatility in there. You can see rates move up three, four times, and it doesn’t necessarily impact the markets a lot, which makes shipping very interesting. And you said cyclical, which is correct. And when you first said it, I thought maybe — I think you have misspoke and said sickle, and I thought that sounds a lot like fickle. And, so…
NB: Well, maybe it is fickle, is it? You tell me.
JM: Yeah. I thought maybe it was a Freudian slip, some of these stocks can be a little bit fickle. And even my predictions can be fickle. So, we’ll talk a little bit about where we are in the cycle. But take it with a grain of salt, right, because I don’t have my hindsight bias equipped yet.
So…
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