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    Donald McLee

    former Senior Analyst at Wells Fargo Securities

    Donald McLee is a former Senior Analyst at Wells Fargo Securities, where he specialized in coverage of the shipping, transportation, marine MLP, and healthcare sectors, notably analyzing companies such as Performance Shipping. During his tenure, he contributed in-depth sector research and participated in earnings calls, leveraging his expertise in both equities and ESG thematics. His career spans roles at Wells Fargo, Credit Suisse, and later as an ESG-focused analyst at Berenberg Capital Markets, before joining Barrow Hanley Global Investors in 2021. McLee holds a BSBA in Finance from Georgetown University, and throughout his analyst career, he has built a reputation for thorough, sector-driven research, though publicly available quantitative performance metrics or securities license details are limited.

    Donald McLee's questions to Performance Shipping (PSHG) leadership

    Donald McLee's questions to Performance Shipping (PSHG) leadership • Q3 2016

    Question

    Donald McLee of Wells Fargo Securities questioned the rationale behind the $118.9 million impairment on seven Panamax vessels, the likelihood of future write-downs, and the impact on loan covenants. He also inquired about the company's view on its recent stock price surge.

    Answer

    CFO Andreas Michalopoulos clarified that the impairment was a standard accounting test triggered by severe market deterioration and does not affect loan-to-value covenants, which are based on market values. President Anastasios Margaronis stated it is company policy not to comment on stock performance.

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