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Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (104)	5/18/2008 10:24:44 AM
From: Angler	Read Replies (1) \| Respond to of 2669

How about tilting a little bit our way? Angler

To: Julius Wong who wrote (104)	5/19/2008 10:35:50 PM
From: Keith Feral	Read Replies (1) \| Respond to of 2669

Funny you mention the cool weather, Atlanta has been very mild this year. Traffic is getting much lighter too. School will be out soon, and that does it for the summer traffic til Memorial Day. It's so weird to hear people talk about peak summer driving season when nobody has to go anywhere. This year will be brutal for the tourist spots. As for the dryshippers, I started a position in drys on Friday. It will be interesting to see how the company does with the CC tomorrow. $4.13 was a clean beat, even though they had a $4.61 number that deserves some attention. I'm just shaking my head wondering how this stock has gone nowhere in the past year, with earnings growing from $1.91 to $4.13. I really like this stock because they are not subject to any taxes. It's a politically neutral sector that the politicians in Washington can't touch. RIG is only paying a 15% tax rate which is very good too. They won't even discuss taxes on their conference calls. I guess drys would be wise to avoid the subject of taxes too. The only thing baffling me is the company is projected to have earnings roll back from $18 to $14 next year. I assume the analysts are just playing conservative games with the stock until they get some visibilty. Also, I have no idea what they are doing buying a fleet of oil rigs. However, I read they plan on spinning off the division next year.