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


To: peter michaelson who wrote (34478)5/15/2009 1:07:19 AM
From: Spekulatius  Read Replies (1) | Respond to of 78753
 
Peter - you are correct that the value of ships has fallen> I read somewhere that newbuilds are going for 70-80% of the initial prices. That would go a long way explaining the depressed stock prices. On the other hand, some of those companies still have LT charter contracts that have a substantial value in the current environment of depressed prices. That needs to be taken into account as well.