Bye-bye railroad $VOS (-0.07%) Hello high tech on water $SUBC (+0.68%) 🚂➡️🛳️
Whereby "hello" would also be wrong here, I have and have held the position for a long time, but I sold my last Vossloh shares (see post from 9 months ago, whoever did not buy is classically to blame) and the profit flows to Subsea.
But well, Subsea7, who wonders what their business model actually is: Sick high-tech ships keep critical infrastructure under water ("sub sea") running. (see entertaining but trashy documentary https://youtu.be/BqRc_vAg9DY?si=MaYuL3a_RYOhDmBQ)
The Q3 figures confirm the upward trend, the market entry barrier (ONE WORD!) is immense and a merger with Saipem (Italian competitor) is on the table. Oh yes, Elliot Management is of course already in the game.
There is even a withholding tax-free dividend, amazing!
But all these reasons aside, when you see what GREAT SHIPS are in the investment portfolio, you can't help but buy!
With this in mind, ahoy
PS:
My favorite is the Seaway Phoenix, comment on your favorite ship.