Investors Tire of A...
Open Question
Kevin, how are you today?
DSX down after earnings and filing 6MIL common stock offering at 16.85 per
share. Your thoughts on DSX here?
Page 1 of 1
I’m doing great. Thanks for asking. Right now Diana Shipping (DSX) is rated at
the top end of the ‘Hold’ range with a grade of C+. The company appeared to
be both fundamentally strong and technically bullish prior to today’s 12%
drop. Yes, charter shipping rates are low with the global recession however this
presents an interesting play on economic recovery. With the shares falling below
the offer price, the market is capping any upside potential for the shares until
after the May 12 closing of the offering. There is a further risk that the
offering price could be lowered if the shares continue to fall. Wait and see may
be the way to play this one.
Rate Now:
Average Rating: 0.00 / 0
DSX & FRO here.
Rate Now:
Average Rating: 0.00 / 0
DSX is ok here, but playing the sector you are better off with the oil tankers
like NAT and GMR. Or the pureplay on increasing China demand like SSW.
I don't like the drybulk shippers eventhough I have a huge built in loss in
DRYS. I just trade them for speculation, but the fundamentals ar terrible right
now.
Rate Now:
Average Rating: 0.00 / 0
Page 1 of 1
