Zachary Scheidt

Excel Maritime Carriers: Set Up To Excel

China has actually already begun importing iron ore. This is part of the catalyst that is driving dry bulk rates higher.

While book value may not be exact, for many of these companies, book value is actually very conservative. That is because they purchased ships and carry the ships at cost less depreciated value. Since many of the ships have been depreciated to a much lower level (accounting) the book value is likely very close to economic value.

Thanks for the good article - best of luck with these names.
Zach
zachstocks.com