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Strategies & Market Trends : Value Investing

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To: - with a K who wrote (23631)	3/23/2006 7:00:23 PM
From: sportsman	Read Replies (2) of 78676

with a K, A couple of links for rates and news: dryships.com tankerworld.com Tanker rates are expected to fall further this summer with more supply of ships arriving. Newbuilds have been driving dayrates down. Older ships haven't been scrapped due to the high dayrates in the past. This may start to change with depressed rates sometime this year. I have been playing around with shippers for 7-8 years with good results. The time to buy is when everyone is really depressed on the industry and then be very patient. The stocks are very volatile and watching them day to day can cause a lot of heartaches. I currently hold EGLE since they have around 75% of their fleet locked in for this year. EGLE should be able to pay around $2 in distributions this year. I am watching several others for entry points to ride out the next up cycle. just my 2cents worth, Riks

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