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Wilbur Ross continues the P-E rush into beaten-down shipping, marketing a $500M fund to buy...

Wilbur Ross continues the P-E rush into beaten-down shipping, marketing a $500M fund to buy distressed assets in the sector, reports Bloomberg. Often early, Ross spent $900M buying crude product tankers in 2011. SEA +6.9% YTD.
Comments (2)
  • chuck lewis
    , contributor
    Comments (429) | Send Message
     
    Editor, The Lewis Letter, http://bit.ly/W3uM5K
    Wilbur Ross should also BUY Peabody Energy, market cap a petty cash $5B, He once owned a coal company. Natural resources are his game, BTU and perhaps Newmont Mining. Hope he leaves Safe Bulkers alone.
    13 Mar 2013, 03:19 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5823) | Send Message
     
    Thermal coal is dead. Metallurgic coal will survive. (ANR) might be best.
    13 Mar 2013, 09:40 PM Reply Like
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