Neptune Orient Lines (NOL)

[Musicwhiz]

NOL certainly looks interesting from the perspective of those who wish to "catch the cycle" so to speak. But ultimately, when you cannot value a company based on earnings, and book value is being impaired even as we speak, it makes it very difficult to justify an investment thesis.

Investment would ultimately degenerate into mindless speculation once we cannot obtain a logical and objective rationale for purchasing shares in a company.