Ha respondido al tema Cobas AM: Nueva Gestora de Francisco García Paramés
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Sobre tesis bajistas en TGP. Un comentario en seeking alpha por si no lo visteis.1) this management team has one of the worst capital allocation and corporate governance records on the entire stock market2) because LNG shipping contract durations are shrinking which makes for an asset-liability mismatch on duration of their massive debt load which is the same issue that destroyed TOO, TNK and forced TGP to cut the dividend in '153) because these dividend hikes prevent them from building an equity cushion for fleet oversupply which they've already cited in 20214) TGP has to pay high dividends, not because its prudent, but because TK needs to repay their unsecured and TK is under financial pressure from guaranteeing underwater loans at TNK5) there is no good reason (for common equity) that the idr issue has not been resolved yet...see #1 abovethe author outlined the bull case, but I would encourage everyone to look into what's really happening in this company's debt structure and conflicts of interest with their parent