GNW

Hi, I share with you a Summary of my Portfolio Strategy $STNG Biggest Product Tanker player. Cycle reverting. Big Leverage that will boost FCF. No immediate Debt repayment that could put STNG in default risk. CEO buying shares & Announced Buyback programme Price Target: $40 Risk: Cycle not reverting $RUI.PA Stable Business (Net Incorme of 300M). Dividend Aristocrat (23Yrs paid in Row with Annual Gwth 10% and Avg Yield of 3,4%); Avg PER 17. The Actual Dvd Yld 8,5% and PER 7,5. Not correlated with WTI Prices Price Target: $50 Risk: High CAPEX (50%) could be impacted by Inflation $WBD Special Situtaion. Spnioff from AT&T & Merger with Discovery. The post-merger Numbers aren't informed yet (must do the work of getting WD numbers from AT&T reports and join them with DISCA numbers). This means no screener get real figures. Selling pressure from AT&T shareholders. CEO estimated 2024 FCF of 8,4b. Price Target: $24 Risk: Lot of Debt (60b) but deleveraging (Debt Target for 2024 42b) $