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We feel you can find three reasons why Tsakos' potential prospects are better than They give the impression of being. To start with, even though Tsakos skipped anticipations by two cents when it introduced earnings at the end of November, it did beat on revenues (a great factor). It missed earnings since it incorporated $2.five million of Specific survey charges that may Ordinarily are incurred in a later on stage and are already spread more than a longer interval (According to administration: "We took advantage of the extremely weak marketplace of the 3rd quarter to deliver ahead 3 of our surveys").
And worth mentioning, Tsakos' fleet is youthful than its throughout the world friends, Specifically after looking at its latest significant capex this post commit on ships (more on capex later) as shown in the subsequent graphic (Be aware: Tsakos refers to alone as "TEN").