American Commercial Lines Inc. (ACLI)
Loading...
Symbols:
ACLI Forum Topics
loading ...Recent ACLI Articles
- A New Way for Investors to Sail the Seas
- Low Water: Barging Into American Commercial Lines
- Follow the Grave Dancer, and Keep an Eye on American Commercial Lines
- Thursday's Options Report: BEA Systems, Merrill, XLF, Microsoft, RTH, SMH, ACLI, & SLE
- American Commercial Lines' Selective Guidance Disclosure Backfires
- American Commercial Line: Strong Barge Pricing Market Should Continue
- American Commercial Lines: Following the Leader
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
A New Way for Investors to Sail the Seas [view article]
Elliot,I'd agree with your assesment, but isn't that the point of an ETF? Allowing an investor to make a "sector bet", without having to decide, for example, if tanker companies relying on the spot market are "smarter" than those that rely on long term charters?
An ETF such as this would allow an investor to play a "macro" theme, (such as growing global trade), while possibly increasing portfolio performance by making judicious investments on individual securities. (For example, buying shares in tanker companies relying on spot markets, if one's analysis on conditions lead one to believe the spot market would be strong over the next 1-2 years).
Just sayin'....
old trader Reply
Miller
A New Way for Investors to Sail the Seas [view article]
One problem with the analysis is that it does not take into account the individual characteristics of the companies. There are dry bulkers, wet tankers, LNG tankers and container ships all included in the chart. Within each group there are differences (for example EGLE's fleet is Supramx and Handymax, while GNK's includes Panamax and Capesize) and between groups there are differences (dry bulkers react to the BDI, most tankers are in pools that share profits, etc.). The rate of new building underway is greater for tankers and containers than for dry bulkers and within the dry bulk sphere the rate of new buildings is lower for Supramax than for Capesize and Panamax. Also different is the mix between charter lives and spot. Some, like Frontline, are highly exposed to spot prices. Many dry bulkers have 3-5 year charters and Sea Span has every vessel on the water and in construction subject to 11 year charters (in the case of new-builds, beginning when they are completed).In short, shipping is too varied an industry to present as a monolith,without differentiation by company and function. Reply
A New Way for Investors to Sail the Seas [view article]
I don't own any of the shares and all of the research was done by me as a new ETF idea, as with all of the other ETF ideas I have posted. ReplyA New Way for Investors to Sail the Seas [view article]
Mike, first, some ownership disclosure please. Second, is this chart from another source, or did you assemble it yourself? ReplyLow Water: Barging Into American Commercial Lines [view article]
KEX (Kirby Corp) seems to be producing better results for inland waterways (also in the Mississippi River area... ) I'd wait for the weekly slow stochastic to turn up past 20 firth though....Thx jegan ;-) Reply
Low Water: Barging Into American Commercial Lines [view article]
Thanks, Thomas, I always find your posts interesting. The news about Sam Zell's stake was a plus, too. ReplyEditors
General Discussion on ACLI
Is this a buy or a sell? Reply