tag:blogger.com,1999:blog-7294165939647321702.post2159217752657257297..comments2024-03-11T10:31:06.107-04:00Comments on <center><a href="http://www.barelkarsan.com">Barel Karsan - Value Investing</a></center>: Diana: Shipping For DollarsSaj Karsanhttp://www.blogger.com/profile/04493152766022812984noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7294165939647321702.post-57738006152204498042011-02-01T07:30:14.522-05:002011-02-01T07:30:14.522-05:00Great post Saj.
Recently with ALC (another shippi...Great post Saj.<br /><br />Recently with ALC (another shipping company which I believe you've mentioned) I invested when they looked poised to outlast this low tide in the industry and had a healthy margin of safety. But as time went on it became clear their decisions (to add capacity etc) were not reflective of the state of the industry and were introducing more risk.<br /><br />Much of the margin of safety had disappeared in the meantime, so I sold the investment - but I think it was a mistake anyway, despite the outcome.<br /><br />PhilPhil Khttps://www.blogger.com/profile/13243560719005260585noreply@blogger.com