With the containership market still uncertain, vessel valuations in continuous free-fall, and Diana Containerships (DCIX) overpaying for vessels, it's now time to drop this stock from your portfolios. DCIX is a spin-off of popular drybulk company Diana Shipping (DSX), which I still recommend as a buy. Core Diana has a much better valuation in terms of net cash and fleet salvage than its container variant.
I first recommended DCIX in October 2, 2011, when it was trading at $4.58. It has since paid out $1.15 in dividends, and I'm calling the sale on February 1, for a total gain of 78%. I also recommended a buy this past summer (July 3 at $7.57). Including...
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