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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (44727)10/2/2011 4:08:47 PM
From: J Mako  Read Replies (2) of 78701
 
re: DSX

Paul,

I think I'll be sitting on the sideline. I must be influenced by Pabrai who had a win in 2001 in the oil tanker Frontline, a pure spot charter player. I want the same "leveraged" return from spot charter players.

One tiny pure spot charter player in drybulk is Baltic Trading. But it's not independent. It's a spinoff from highly indebted GNK. It's basically the spot charter arm of GNK, I reckon.

Btw, all these shippers are registered in exotic countries. Any idea why they did that and what implications that will have on investors?
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