Part 1: Deep dive writeup on Tidewater ($TDW)
Part 1: Deep dive writeup on Tidewater ($TDW)
I also run a Stocktwits room where I post my current holdings, daily activity, investment models, market/macro commentary, daily Zoom sessions and performance for both my Investment Portfolio (longer timeframe, strong fundamentals, 20-30 holdings) and my Trading Portfolio (shorter timeframe, strong technicals, 10-20 holdings). My investment portfolio is up +23.2% YTD and +545% since early 2020. FWIW, once the SPX sliced through the 200d sma I got 20% hedged in my investment portfolio. If SPX can reclaim the 200d sma I’ll take off the hedges. With regards to joining my private room, the two options are $15/month for the monthly plan [click here] or $150/year for the annual plan [click here]. Prices go up next week so doing the annual plan will lock you in at these rates for the next 12 months.
Earlier this year I launched Trading Charts which is focused exclusively on my trading portfolio. Every morning I send out an email with ~15 of my favorite trading charts/setups for the day. You’ll also have access to my current trading portfolio with current positions, position sizes, entry prices and stop losses. I also do live charting/trading webcasts every morning and every afternoon over Zoom.
I also relaunched my podcast Investing with the Whales, you can signup here…
Company: Tidewater
Ticker: (TDW)
Website: TDW.com [click here]
IPO date: August 1, 2017 (coming out of bankruptcy)
IPO price: $21.00
Current stock price: $43.40
Outstanding shares: 50.6 million
52 week high: $51.88 on March 07, 2023
52 week low: $17.51 on July 14, 2022
Market cap: $2.2 billion
Enterprise value: $2.2 billion (prior to deal closing with Solstad)
Headquarters: Houston, Texas, United States
Number of employees: 6,300+
Average price target from analysts: $51 but I would not put much faith in this since TDW is not a stock that’s well covered from the analyst community
Next earnings call (Q1 2023): TBA
Investor Relations [click here]
Q4 2022 Press Release [click here]
Q4 2022 Earnings Call Transcript [click here]
Pareto Securities Energy Conference [click here]
Acquisition of 37 vessels from Solstad Offshore [click here]
Presentation related to Solstad acquisition [click here]
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Fleet [part 1]
Business Model [part 1]
Customers [part 1]
Competitive Advantages [part 2]
Management [part 2]
Culture [part 2]
Financials [part 2]
Risks [part 2]
Ownership [part 2]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Unless you’re a paid subscriber you won’t be able to read any further; here’s what is behind the paywall:
Part 1 of the writeup on TDW
link to my investment portfolio spreadsheet with holdings, sizes & performance
link to my investment models for all current portfolio holdings
link to my daily Zoom webcasts