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The skittish dry bulk shipping sector could take a turn higher today with Jim Cramer backing the...

The skittish dry bulk shipping sector could take a turn higher today with Jim Cramer backing the sector for a recovery. Though Cramer might be on board, other analysts have warned bankruptcy risk is still in play as oversupply issues get worked out in the industry. On watch: EGLE, DRYS, EXM, GNK, SB, ESEA, PRGN, NEWL, FREE.
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Comments (6)
  • Archman Investor
    , contributor
    Comments (2470) | Send Message
     
    Cramer may be "backing" the sector.....but is he putting his money "charitable trust" money to work there?? Show people the money.

     

    His words typically do not mirror his actions.

     

    Then again some people will say anything especially when their ratings are down 80% from where they were 4 years ago.
    27 Mar 2013, 08:51 AM Reply Like
  • Anony755
    , contributor
    Comments (12) | Send Message
     
    Cramer told me to stay out of LVS 4 years ago.. Now look at it!
    27 Mar 2013, 08:56 AM Reply Like
  • chuck lewis
    , contributor
    Comments (378) | Send Message
     
    Editor, The Lewis Letter, http://bit.ly/W3uM5K
    Only Safe Bulkers, selling 3.9x EPS, earned $1.27 in 2012, dividend yield 4%, finances payouts from earnings, not debt, management owns 60% of the company, 26 vessels, average age 4.8 years, appears safe to buy. Most others are broke. Carried in my model portfolio as a Strong Buy, Kramer is scary.
    27 Mar 2013, 09:47 AM Reply Like
  • unclemike7849
    , contributor
    Comments (204) | Send Message
     
    Cramer is dead right 50% of the time and dead wrong 50% of the time. A .500 batting average is great for a baseball player, but a very poor performance for a stock analyst. The shipping industry is obviously at least 2 years off from recovery.
    27 Mar 2013, 12:25 PM Reply Like
  • 6608281
    , contributor
    Comments (28) | Send Message
     
    Chuck,

     

    I agree with you regarding SB. Management has a lot of skin in the game and appear to place the company in a position to take advantage of the market's cycles. Currently, SB has been able to purchase several vessels from the open market and were able to place them under charter. As charter rates increase, so will the dividends.
    27 Mar 2013, 01:42 PM Reply Like
  • Barton's Global Market Trends
    , contributor
    Comments (79) | Send Message
     
    EXM has made a very nice bottom with good volume, suggesting the start of a bull trend, whether or not recovery is two years away.

     

    http://on.fb.me/ZzdceL
    27 Mar 2013, 09:58 PM Reply Like
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