Long Bulk ocean shipping companies

Dognamedabu · 06-06-2009, 04:15 PM

Bulk shipping companies are down to near 5 year lows and there are many to chose from.

Hard to find the best

these are a few I am looking at

DRYS EGLE OSG - Wolfram|Alpha

I like EGLE dividend yield yet has been suspended
Eagle Bulk Shipping Inc. (EGLE.O) Key Developments | Stocks | Reuters.com

OSG SP is nice and seems more secure.

Shipping are way undervalued imo and am looking to get in a few. Any advice?

Thanx!

Superfly · 06-06-2009, 04:24 PM

Personally, I like OCNF/DRYS, most of the mods like OCNF actually. Most of us have free shares in it

(not me though, FINALLY got my freebies in HEB after this spike :-( )

Ingwe · 06-06-2009, 04:26 PM

Like the casinos, the shipping sector was beaten down to ridiculously low levels and therefore has tremendous upside potential.

DRYS is a trader's stock right now because it's so volatile and, with it's maverick CEO, so unpredictable.

I like Excel Maritime (though haven't taken a position yet because of lack of funds) which pulled back at the end of the week and still has a 40c dividend intact.

Good luck!

Stealpulse · 06-06-2009, 04:57 PM

Hmm, the Google chart shows EXM as having not paid a div since Nov. 18, 2008?

Kordoyn · 06-06-2009, 06:36 PM

NM FREE and SB are my favorites now.

OCNF and DRYS are run by the Economu family, and are much more volatile, although still have some legs. Once confidence returns to DRYS it'll boom, but for now people are still reeling from the massive dillutions during the past few months.

OCNF is the ugly duckling of the bunch but they reported profits last quarter, and with the Baltic Drys Index surging ahead I'd be very surprised if share prices didn't creep up to $3 or more within the next few months.

piccooar · 06-06-2009, 08:43 PM

I'm currently holding "free" shares of OCNF and it certainly is the ugly duckling of the bunch but there is hope yet so we'll see.

Ingwe · 06-06-2009, 10:28 PM

Originally Posted by Stealpulse

Hmm, the Google chart shows EXM as having not paid a div since Nov. 18, 2008?

You're right. Sorry about that -- I must have got it confused with another stock.

Stealpulse · 06-06-2009, 10:30 PM

No sweat man, in these volitile times, dividends come and go like the wind!

Cheers

schwi105 · 06-06-2009, 10:51 PM

I like DRYS. If you are willing to hold long, this stock will be great, and I think their financial situation will only improve over the next several months. I think this is a stock to tuck away and not look at for a year or so. imho Just my 2 cents.

Darin

Stealpulse · 06-06-2009, 10:54 PM

The main issue I have with Greek shipping companies is TRANSPARENCY.

They don't have to report much info. While I agree they are beat-down, it's hard for me to drop capital into them because I don't have enough INFORMATION to do so!

Cheers

06-06-2009, 04:15 PM	#1
Dognamedabu UberTrader Join Date: May 2009 Location: Nanaimo Posts: 113 Favorites: OPC, TSTR, ??? Rep Power: 125 Reputation: 1824	Bulk ocean shipping companies Bulk shipping companies are down to near 5 year lows and there are many to chose from. Hard to find the best these are a few I am looking at DRYS EGLE OSG - Wolfram\|Alpha I like EGLE dividend yield yet has been suspended Eagle Bulk Shipping Inc. (EGLE.O) Key Developments \| Stocks \| Reuters.com OSG SP is nice and seems more secure. Shipping are way undervalued imo and am looking to get in a few. Any advice? Thanx!
	Rate this post \|

06-06-2009, 04:24 PM	#2
Superfly UberTrader Join Date: Apr 2009 Location: Twin Cities/Minocqua WI Posts: 397 Favorites: RIG, HEB, LVS, KFN Rep Power: 230 Reputation: 4139	Personally, I like OCNF/DRYS, most of the mods like OCNF actually. Most of us have free shares in it (not me though, FINALLY got my freebies in HEB after this spike :-( ) __________________ If you are given a chance to be a role model, I think you should always take it because you can influence a person's life in a positive light, and that's what I want to do. That's what it's all about. Tiger Woods I'm putting in my market order right now on this b! --> TTNP thread title in Premarket 5/7/09..that one is for the ages! Yes we Can...Yes we Will!!!
	1 thumbs up / 0 thumbs down. Rate this post \|

06-06-2009, 04:26 PM	#3
Ingwe VIP Trader Join Date: May 2009 Location: San Francisco Posts: 72 Favorites: LVS, MGM, AAPL, CTIC Rep Power: 76 Reputation: 619	Like the casinos, the shipping sector was beaten down to ridiculously low levels and therefore has tremendous upside potential. DRYS is a trader's stock right now because it's so volatile and, with it's maverick CEO, so unpredictable. I like Excel Maritime (though haven't taken a position yet because of lack of funds) which pulled back at the end of the week and still has a 40c dividend intact. Good luck!
	Rate this post \|

06-06-2009, 04:57 PM	#4
Stealpulse Au Join Date: Apr 2009 Location: Dallas Posts: 250 Favorites: HUN NRF HEB Rep Power: 179 Reputation: 2997	Hmm, the Google chart shows EXM as having not paid a div since Nov. 18, 2008?
	Rate this post \|

06-06-2009, 06:36 PM	#5
Kordoyn UberTrader Join Date: May 2009 Location: TOronto Posts: 383 Favorites: DOW TCK HEB Rep Power: 202 Reputation: 3456	NM FREE and SB are my favorites now. OCNF and DRYS are run by the Economu family, and are much more volatile, although still have some legs. Once confidence returns to DRYS it'll boom, but for now people are still reeling from the massive dillutions during the past few months. OCNF is the ugly duckling of the bunch but they reported profits last quarter, and with the Baltic Drys Index surging ahead I'd be very surprised if share prices didn't creep up to $3 or more within the next few months.
	Rate this post \|

06-06-2009, 08:43 PM	#6
piccooar UberTrader Join Date: May 2009 Location: Fort Lauderdale, FL Posts: 150 Favorites: BIPH, CTIC, HEB Rep Power: 123 Reputation: 1688	I'm currently holding "free" shares of OCNF and it certainly is the ugly duckling of the bunch but there is hope yet so we'll see. __________________ Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, BUT life goes on.
	Rate this post \|

06-06-2009, 10:30 PM	#8
Stealpulse Au Join Date: Apr 2009 Location: Dallas Posts: 250 Favorites: HUN NRF HEB Rep Power: 179 Reputation: 2997	No sweat man, in these volitile times, dividends come and go like the wind! Cheers
	Rate this post \|

06-06-2009, 10:51 PM	#9
schwi105 UberTrader Join Date: May 2009 Location: Minneapolis Posts: 124 Favorites: PWRM; ADXS; MHTX Rep Power: 105 Reputation: 1291	I like DRYS. If you are willing to hold long, this stock will be great, and I think their financial situation will only improve over the next several months. I think this is a stock to tuck away and not look at for a year or so. imho Just my 2 cents. Darin
	Rate this post \|

06-06-2009, 10:54 PM	#10
Stealpulse Au Join Date: Apr 2009 Location: Dallas Posts: 250 Favorites: HUN NRF HEB Rep Power: 179 Reputation: 2997	The main issue I have with Greek shipping companies is TRANSPARENCY. They don't have to report much info. While I agree they are beat-down, it's hard for me to drop capital into them because I don't have enough INFORMATION to do so! Cheers
	2 thumbs up / 0 thumbs down. Rate this post \|

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