Tuesday, September 13, 2011

Wilbur Ross formula


  1. Determine an industry that has staying power (i.e. will be around in 20 years) that is under severe stress
  2. Purchase the senior bonds of a company in that industry at distressed levels
  3. File the company, and convert your senior ownership to a majority equity share
  4. Clean up operations
  5. Wait
VLCC (Very Large Crude Carriers) rates - going from the Middle East to the Far East.
This is what specialists are looking at. Perhaps you need to pay some attention.

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