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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (26254)	3/7/2007 7:02:05 PM
From: MCsweet	Read Replies (1) \| Respond to of 78659

BHO has some exposure to dry bulk through its dual use tankers. Illiquid with kind of a strange story, though --- lots of company specific issues. Still, seems cheap IMO. MC

To: Paul Senior who wrote (26254)	3/8/2007 6:27:53 AM
From: David	Read Replies (1) \| Respond to of 78659

Here is a portfolio I put up mid-year, 2006 of shippers. I am sorry I wasn't more serious about buying them. A lot of these shippers paid high dividends as well. The sector was really in a fairly deep trough at the time and there was concern about larger more efficient ships being built and over capacity, etc. I was too slow to pull the trigger and missed what may have turned out to have been a great opportunity. I looked at many other shipping companies, but these were trading at lowest ratios to book; paid high dividends and value managers had bought into the companies. finance.yahoo.com

To: Paul Senior who wrote (26254)	3/8/2007 11:54:21 AM
From: E_K_S	Respond to of 78659

Re Shipping Companies - I own DRYS and SFL and they have done quite well and are probably fairly valued now. I have been watching NAT which is still 10% from it's recent high. Yahoo shows that they yield 12%. It might be one to look into. finance.yahoo.com Comparison Graph finance.yahoo.com EKS

To: Paul Senior who wrote (26254)	3/9/2007 11:24:03 PM
From: TimbaBear	Read Replies (1) \| Respond to of 78659

Anybody here with a stock idea in the dry bulk shipping area? I've recently gotten DSX. Cash flow positive and pays a nice dividend. finance.yahoo.com

To: Paul Senior who wrote (26254)	3/14/2007 8:26:44 AM
From: Grommit	Read Replies (1) \| Respond to of 78659

Bulk Shipping. I suggest you take a look at THE ECONOMIST magazine March 3-9 edition. Article on page 71 titled "Container Ships - Maxing Out". Basics - Rates peaked 3rd qtr 2005. Causing a splurge in new orders and "all to predictably, these are about to be launched into a cycle turning down". Freight rates down 8% from a year ago. 4,000 box carrying ship afloat today, but 1,300 on order. Tonnage up more because these ships are BIG. Half of existing fleet (tonnage) on order. Historical tonnage on order is 30%. But most of present fleet is modern, so % should be lower. And they discuss the largeness of the new ships. Ships used to carry 5,000 containers, new ones carry 11,000. (A train carrying that load would be 44 miles long!)...

To: Paul Senior who wrote (26254)	3/29/2007 11:16:59 AM
From: MCsweet	Read Replies (2) \| Respond to of 78659

Paul, Regarding dry bulk companies. DSX has some price weakness due to a stock offering. Those are usually pretty good short-term buying opportunities, although I get nervous long-term when too many companies in a sector bring shares to market. MC