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Should Value Investors Buy Teekay LNG (TGP) Stock?

Horos Asset Management recently released its Q1 2020 Investor Letter, a copy of which you can download here. Horos Value Iberia fell by -35.1% compared to -27.6% of its benchmark index. On the other hand, Horos Value Internacional was down by -30.2% compared to -19.6% of its benchmark index. You should check out Horos Asset Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

In the said letter, Horos Asset Management highlighted a few stocks and Teekay LNG Partners LP (NYSE:TGP) is one of them. Teekay LNG is independent owner and operator of LNG carriers. Year-to-date, Teekay LNG Partners LP (NYSE:TGP) stock lost 28.7% and on June 24th it had a closing price of $11.26. Here is what Horos Asset Management said:

“In the case of Teekay LNG, the company that owns LNG carriers, it has coverage of long-term contracts signed with customers with low counterparty risk, which is particularly critical in these times of economic paralysis, as there is fear that customers will request the suspension of agreed payments due to force majeure. This contract coverage guarantees stability in its cash flow generation for the coming years regardless of the degree of utilization of the asset by the customer and the price of LNG (take-or-pay contracts), which allows the company to reduce debt and reward its shareholders in a very attractive way, both through steady dividend increases and opportunistic share buybacks.”

Cheniere LNG Tanker Shipping Ship Liquid Natural Gas Vessel Fuel Carrier

Our calculations showed that Teekay LNG Partners LP (NYSE:TGP) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, 2020’s unprecedented market conditions provide us with the highest number of trading opportunities in a decade. So we are checking out stocks recommended/scorned by legendary Bill Miller. We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.

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