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

To: Grommit who wrote (26314)	3/14/2007 11:24:09 AM
From: Paul Senior	Respond to of 78661

Thanks, Grommit. I will get that ECONOMIST article on container ships. Some of the container companies have fixed-rate contracts that extend several years. For those companies, that should help protect the dividend and stock price (for a while). I've read that the new container ships are big, and that's a difficulty for the companies placing orders for them with the shipyards. There are only so many slots available at the few yards that build these big vessels, and the container companies have to compete for slots with oil tanker companies whose large ships I've heard are more profitable for the shipyards. That has/will delay the delivery of the new larger container ships (so an analyst has reported). Nevertheless, you may be right about the danger with these companies. EXM reported last night, and the news is not good: "Greece's Excel Maritime Carriers Ltd. on Tuesday said fourth-quarter profit plummeted 32 percent as weaker revenue from cargo shipping met with sharply higher costs.: biz.yahoo.com I may have to reassess what I'm doing with recent buys in this area.