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The runaway rally in dry bulk shipping stocks isn't knocking the socks off of Wells Fargo. The...

The runaway rally in dry bulk shipping stocks isn't knocking the socks off of Wells Fargo. The investment firm is quick to point out that multiple companies in the sector are likely to see bankruptcy or restructuring. Proceed with caution: EGLE, GNK, DRYS, DSX, PRGN, NEWL, FREE, NM, SBLK, ESEA.
Comments (6)
  • tunaman4u2
    , contributor
    Comments (2731) | Send Message
     
    Its been epic... you missed SB which is also on a super tear

     

    I'd love to see some bankruptcies & pick up some pieces in this sector
    22 Mar 2013, 10:42 AM Reply Like
  • monumentalgains
    , contributor
    Comments (220) | Send Message
     
    "proceed with caution"?

     

    Who are you, and are those ALL the names or just your picks???

     

    The golden cross is happening right now with numerous shipping stocks....a coincidence? I think not......the long base has finally broken out
    22 Mar 2013, 10:51 AM Reply Like
  • Hobski
    , contributor
    Comments (32) | Send Message
     
    If DSX goes bankrupt, they're all going bankrupt. Highly unlikely.
    22 Mar 2013, 10:51 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5344) | Send Message
     
    Be careful. (DSX) broke out of resistance today, but can it stay above resistance?
    http://yhoo.it/14ihpYI;c=
    22 Mar 2013, 06:01 PM Reply Like
  • monumentalgains
    , contributor
    Comments (220) | Send Message
     
    ESEA is family owned and has been around for 40+ years
    22 Mar 2013, 11:05 AM Reply Like
  • 9312
    , contributor
    Comments (3) | Send Message
     
    Under that scenario, own the restructured companies with no legacy high cost leases. OSGIQ is in the best position.
    22 Mar 2013, 01:37 PM Reply Like
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