Justin M. Hall 2/24/12 4:12P ET: [DIRT CHEAP] (GNK) I initiated a long-term position in GNK this afternoon. Shares of GNK trading < 1 X Cash, Book & Sales.
Justin M. Hall: I will likely add to this position over time. Investors should anticipate volatility with this and other similarly situated plays.
2/24/12
•!Report Abuse
Justin M. Hall: That said, I really like GNK right now. The prospects for GNK and other select shippers are very good.
2/24/12
•!Report Abuse
Justin M. Hall: Where is J. Mintzmyer? As I recall, he likes PRGN, a small shipper, as well as a few others right now. Hopefully, he'll post his take here.
2/24/12
•!Report Abuse
David White: ECRI is now calling for a new US recession. Shippers could be in a world of hurt soon, if they are right.
2/24/12
•!Report Abuse
Justin M. Hall: Hi David! I prefer to follow the Business Cycle Index. ECRI's recession calls have proven, thus far, to be inaccurate.
2/24/12
•!Report Abuse
Justin M. Hall: Many economic indicators are positive - jobs are being created and income is moving up.
2/24/12
•!Report Abuse
Justin M. Hall: The ECRI's bold call sure looks like they're trying to sell fear.
2/24/12
•!Report Abuse
David White: Low growth to start. -1% due to coming EU recession.Nearly -1% on recent rise in oil.$783B shortfall in S&P500 pension funding.Not just ECRI
2/24/12
•!Report Abuse
Justin M. Hall: David, the rise in oil prices is not sustainable and likely heading back to $100 = My View. Shortfall in S&P 500 pension funding? Ok.
2/25/12
•!Report Abuse
Squaxe: Nice run for GNK today. Sticking with the $15 target?
3/15/12
•!Report Abuse
Justin M. Hall: Squaxe, we are having a good day. Yep, I'm sticking with GNK long-term. I just revised my target from $15 to $15-$20 on or before 1/18/13.
