Growth stock idea for TheOldEconomy investors
Picks and shovels for LNG shipping
Growth is associated with the new economy. The old economy businesses are related to value investing. What about TheOldEconomy growth ideas?
Yes, such animals do exist. They are companies involved in industries based on tangible assets that trade at high multiples with further upside potential.
This is the first deep dive for 2025. It will not be another bottom-fishing report but growth stock chasing. The company in question is involved in the LNG business, one of the hottest shipping segments. However, it is not engaged in transportation or shipbuilding and trades at high multiples.
On the other hand, I see strong tailwinds supporting further growth, and price action affirms my observations. The stock just broke out above long-term resistance.