J Mintzmyer, a renowned maritime shipping analyst who directs the Value Investor's Edge ("VIE") research platform on Seeking Alpha, returns to The Business Brew to give an update on the state of the shipping industry (and the associated stocks). This episode is meant to be listened to in conjunction with Craig Fuller’s episode in order to provide the listener with a more robust understanding of what is happening in supply chains.
In this episode J discusses many shipping specific ideas. If you are interested in J’s analysis consider subscribing to his work at Value Investor’s Edge on Seeking Alpha.
You can find a presentation J recently did at https://www.youtube.com/watch?v=be5-IDIpTJw
During the conversation the following paper is mentioned: https://www.nber.org/system/files/working_papers/w13428/w13428.pdf
This episode is brought to you by Bastiat Partners, a boutique investment banking firm. See https://bastiatpartners.com/. Detailed show notes below.
Please leave us a rating in your favorite podcast player.
Album art photo taken by Mike Ando. Please see www.mikeando.com.
Thank you to @mathewpassy (on Twitter) for the show production.
Please leave us a rating in your favorite podcast player!
This episode is brought to you by Bastiat Partners, a boutique investment banking firm. See https://bastiatpartners.com/. Detailed show notes below.
Please leave us a rating in your favorite podcast player.
Album art photo taken by Mike Ando. Please see www.mikeando.com.
Thank you to @mathewpassy (on Twitter) for the show production.
Please leave us a rating in your favorite podcast player!
Detailed Show Notes:
3:30 - The setup for shipping
7:15 - Oil tanker overview
18:10 - Is this a uniquely good time for shipping?
19:30 - How J is thinking about a recession and the risk to shipping
25:30 - How J manages risk.
27:30 - ZIM discussion
34:30 - DAC and GSK - the leasing cos
38:00 - ZIM IPO'd at $15 and paid out more than that in dividends within a year.
41:30 - How congestion impacts shipping
46:30 - Supply side is doing the heavy lifting in shipping
53:30 - General inflation/closing discussion
Om Podcasten
Welcome to The Business Brew
This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business.
Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship. And, as it turns out, people really like the podcast.
While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others. This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world.
We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.”
Disclaimer: Bill manages a portfolio under the name of Sullimar Capital Group. This podcast is for informational and educational purposes only. Nothing in this podcast or on SullimarCapital.Group is investment advice. All information in this is opinion based, potentially biased, and requires verification.
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