Seeking Alpha
  • John McCoy
    Weekly dividend pick is $DCIX, yielding 21+%, trading at $5.64, with $7.50 target price.
    12/13/12
    Reply (4)
    • weed: Yields like that scare the heck out of me. How do they do that?
      12/13/12
    • Joseph P. Porter: They don't carry a load of debt - company is a small shipping firm that is growing as it can afford to. Small debt means $. I am long DCIX.
      12/14/12
    • Joseph P. Porter: Their Quick Ratio is 10.+, which indicates a lot of liquid assets, which covers for the short EPS (which would normally turn me off).
      12/14/12
    • John McCoy: Agreed Joseph, this is a nice looking small cap. I am not long yet, but am looking to start a position on any further pullback. Thanks!
      12/14/12