|Company name||Frontline Ltd. (USA)|
|Live stock price||[stckqut]FRO[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=fro
Frontline Ltd. is a Bermuda-based shipping company. The Company is primarily engaged in the operation of a fleet of very large crude carriers (VLCCs) and Suezmax tankers. It also operates oil/bulk/ore (OBO) carriers, which are classified to carry dry cargo. The Company is also involved in the charter, purchase and sale of vessels. Its vessels are all owned by, or chartered to, separate subsidiaries or associated companies. As of August 2011, the Company operated a fleet of 23 Suezmax tankers, 51 VLCCs and seven OBOs. Frontline Ltd. operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock. It is not possible to confidently invest in a company that is not currently profitable. I am removing Frontline from the Watch List.