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Strategies & Market Trends : IPO and Other Stock Plays
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To: rankamateur who wrote (12878)6/10/2005 9:27:31 AM
From: yossarian67   of 13331
 
yeah they had a very bearish article on shipping just a few weeks back as well...hard to overlook the capacity that is coming on line the next few years. it's a tough sector right now, especially for the companies in the dry bulk spot market, they've not been able to get any pricing traction all year. the significant yield the time charter tickers are paying is the only thing right now putting a floor on some of the stock prices...a lot of them are paying 10%+ yield with pretty much locked in rates for 2+ years. I think RAMS is worth the risk here at 12 1/2% with the stop on pricing break,,,essentially risking 35 cents from 12 3/4 in the hope that yield attracts interest and boosts it to the 10% level. was optimistic when it bounced up past $13 1/2, came right back down however.
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