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Transaction Details

Company: Tsakos Energy Navigation
Ticker:tnp
Yahoo Beta:1.97
Industry:Shipping

Company Description:  Tsakos Energy Navigation Ltd. transports petroleum products by tanker. The company has a modern fleet including a number of tankers with double hulls and tankers that can operate in icy waters.

Purchase Date:15 Nov 2006 Sale Date:30 Jul 2007
Purchase Price:$44.85 Sale Price:$71.91
  --Split Adjusted:$44.85  --Split Adjusted:$71.91
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$119.82 Transaction Fee:$159.43
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$49.66 High$0.00
Date10 Aug 2006 Date01 Jan 1996
Low$34.02 Low$0.00
Date13 Jun 2006 Date01 Jan 1996
S&P (Purchase Date):$1,396.57 S&P (Sale Date):$1,473.91

Purchase
Timing:  We bought slightly above the middle of the six month trading range.
Reason:  Although oil prices have eased, demand for petroleum products remains strong. Tsakos has contracts for a significant portion of the next three years. Many of Taskos's tankers have double hulls or can operate in icy waters, allowing it to charge a premium.

Sale
Timing:  
Reason:  The company has experienced a good gain and is selling at a higher valuation than other companies in the industry.

S&P Gain: 5.54 % Annualized Gain: 9.1%
Stock Gain: 60.33 % Annualized Gain: 114.34%

Dividends:$150.00
Net Holding Return ($): $2,576.76
Net Holding Return (%): 55.96 %