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Durable goods are just that: hard goods; they don't wear out quickly and can be used over and over again for at least several years. Think your car, TV, refrigerator or computer. These are certainly not disposable, one-time use items.
The opposite of a hard good is (surprise!) a soft good or, if you like, a non-durable good. These are products you use once, like your lunch at McDonald's, the gas in your car and the ugly sweater your grandmother bought you for your birthday. These items have an intended lifespan short of three years, or are consumed immediately.
Investors pay attention to the monthly durable orders report released by the Commerce Department around the end of each month. When durable goods are strong, it means that U.S. manufacturing is humming along, though economists tend to parse the numbers pretty closely. Big-ticket items can skew the overall results, since an order for, say, 75 Boeing 747s has a bigger impact than 75 iPods. Luckily, the data lets economists break down the sectors.
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Friday, May 09, 2008
Tsakos Energy Navigation Ltd. Announces Availability of its Form 20-F for the Year Ended December 31, 2007
Comtex
ATHENS, Greece, May 9, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Tsakos Energy Navigation Ltd. ("TEN") (NYSE: TNP), announced today that its Annual Report on Form 20-F for the year ended December 31, 2007 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website www.tenn.gr, on the homepage.
Shareholders may also request a hard copy of the complete audited financial statements, free of charge, by clicking on the annual report prompt under the Contact Us section of the Company's website.
Alternatively, shareholders may request a hard copy of the complete audited financial statements, free of charge, by contacting the Company at:
Tsakos Energy Navigation Attn: 20-F Request 367, Syngrou Ave. 175 64 P. Faliro, Hellas Tel: +(30) 210 94 07 710-13
ABOUT TSAKOS ENERGY NAVIGATION
TEN's proforma fleet consists of 50 vessels of 5.3 million dwt. TEN's operational fleet consists of 44 vessels all of double-hull design. TEN's newbuilding program of six vessels includes six DNA-aframax crude carriers representing 630,000dwt. The strategy of a balanced diverse fleet is reflected in 25 crude transporters ranging from VLCCs to aframaxes and 24 product carriers ranging from aframaxes to handysize; complemented by one LNG.
FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACTS Thomas J. Rozycki, Jr., Investor Relations Cubitt Jacobs & Prosek Communications 212-279-3115 x208 trozycki@cjpcom.com
SOURCE Tsakos Energy Navigation Ltd.
http://www.tenn.gr
Copyright (C) 2008 PR Newswire. All rights reserved
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