Better Buy: Textainer Group Holdings Limited vs. Nordic American Tanker
The global shipping industry has been a sinking ship in recent years. A glut of containers, overleveraged balance sheets, and revoked or sharply reduced dividends have pushed many leading stocks into a steep downward spiral. It hasn't been pretty for shareholders.
That said, some companies are better positioned than others to begin clawing their way back to sustainable operations. That reality is certainly on display with two former investor favorites, Textainer Group Holdings Limited (NYSE: TGH) and Nordic American Tanker (NYSE: NAT). The former has been on a tear lately, while the latter is still trudging through difficult decisions in an attempt to stabilize operations.
Despite the divergent trajectories for the two stocks in 2017, investors may be wondering if there's more upside in Nordic American Tanker. Which shipping stock is the better buy?
Source: Fool.com
