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Strategies & Market Trends : Value Investing

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To: TimbaBear who wrote (24882)	9/26/2006 5:46:36 PM
From: TheStockFairy	Read Replies (1) of 78651

GMR---- TCE rates look like they are rolling over and the world is producing a crapload more boats currently to soak up the increased TCE rates. On top of it, it seems the geopolitical situation is at least somewhat not so crazy so the spot rates are falling, like 25% from quarter to quarter. Combine that with better maintenence programs for the boats, all of the refineries in the US operating at over 90% after the hurricanes, US oil demand remaining somewhat stable and you get a picture that TCE rates are going to fall 50% or more from here. Hence the big dividend and the big drop in prices. Just my 2 cents and I could be waaaaay wrong because I don't know what I'm doing :).

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