Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend
TKTeekay(TK) Seeking Alpha·2024-06-14 01:15
Alexey Bakharev It’s hard to find niches of the global stock market that have outperformed the stout 1-year return on the S&P 500. While large-cap US equities, as measured by the S&P 500 Trust ETF (SPY) are up 27% from year-ago levels, one transportation-focused fund is higher by 36% with dividends included.  The US Global Sea to Sky Cargo ETF (SEA) has posted big performance gains despite the media’s spotlight continuing to be on AI and tech. One of the fund’s biggest positions, Teekay Tankers (NYSE:TN ...