Eagle Bulk Shipping Inc. (EGLE)

All Comments on EGLE

  • commenter
    berniemill
    Mar 28 03:10 PM
    Diana Shipping: Prime Rebound Candidate [view article]
    where does ESEA fit into the shipping picture? Reply
  • commenter
    DSX Lover
    Mar 28 01:15 PM
    Diana Shipping: Prime Rebound Candidate [view article]
    SBLK, has an old fleet. DRYS earnings are very volatile, any plunge in Spot rates, there goes the stock, aslo 1.25 billion Debt. PRGN, GNK, SBLK, and NM are highly leveraged with older ships. DSX is sound, the higher P/E does not reflect the company's strong capital, and with 50% earnings growth for 2008 is misleading, meanwhile DRYS will not grow EPS by 50% and has to serve that Huge Debt. Other carriers that pay higher dividends than DSX are leveraged 100% to 300% more, hey if DSX borrowed it could doubled its Dividend and still be superior, but that is not the way it operates. It is a more conservative company, and as long as Panamax Rates stay at 50K or more you can count on that 9% safe dividend. With 50% chartered for 3 years or more, Diana is safe, while all the others could get shellacked with Spot Rates dropping Reply
  • commenter
    Itsonlymoney
    Mar 28 01:07 PM
    Diana Shipping: Prime Rebound Candidate [view article]
    You guys are awesome! Great insight from everyone and no name calling. Reply
  • commenter
    dn4911
    Mar 28 12:45 PM
    My Website
    Diana Shipping: Prime Rebound Candidate [view article]
    Sorry I reversed the 2009 PE numbers. I project DSX 2009 PE to be 9.8 v. 6.5 for PRGN.

    I should add that I have made a lot of money off DSX in the past, in fact still own a few shares and have had a nice run up last few weeks, but based on the current valuations I would put money in DRYS, PRGN, GNK, SBLK or NM before DSX.     Reply
  • commenter
    dn4911
    Mar 28 12:41 PM
    My Website
    Diana Shipping: Prime Rebound Candidate [view article]
    I disagree with a number of the conclusions the author has made.
    1. DSX's latest fixtures have been spot, not time charters.
    2. THere are better dry bulk shippers that follow the DSX strategy of long term charters.

    For example, look at Paragon. PRGN.

    Metric PRGN DSX
    08 PE 6.1 9.0
    Yld 11% 8.8%
    09 PE 9.8 6.5 (this is the one that concerns me most about dsx)
    Fleet age 7.5 4.2
    NAV/Price 1.53 1.02 (adjusted for mkt value of fleet)
    08%DivPayout 66.6% 79.5%
    09 %DivPayout 71% 86%
    Debt/EV .89 .10
    08 EV/EBITDA 3.8 7.4
    09 EV/EBITDA 7 8.5

    So while the author is correct about the low debt and young fleet, DSX earnings per share and dividends are less that PRGN and DSX pays out more of its earnings as a percent of income.

    Starbulk is another one that is better than DSX.




     Reply
  • commenter
    Fundamental
    Mar 28 10:57 AM
    Diana Shipping: Prime Rebound Candidate [view article]
    I don't find the article informative. In fact the previous comment is more helpful than the article itself. The author is essentially arguing three things: 1. equity financing is better than debt financing; 2. dividend payout is better than reinvestment; 3. long term contract is better than spot contract. All are subject to debate, and answer should be "depending on the situation...". However, the author failed to put any of these in perspective of the dry-bulk shipping industry. That the increase of scraping rate will alleviate supply side concern, as contented by the author, will likely provide a false comfort. Ships have useful life of almost 20 years and the normal scrapping will only take out 5% capacity annually. Unless the author presents quantitative measure to show the current scrapping rate is significant, this point should not be trusted. Reply
  • commenter
    DSX Lover
    Mar 28 10:33 AM
    Diana Shipping: Prime Rebound Candidate [view article]
    I totally agree with this article on Diana. Diana has very low debt, the newest fleet in the industry, average vessel is under 5 years old with useful life of 25-30 years. With 19 ships, 6 Capesize ships chartered long term 3-6 years, all 13 Panamax Ships chartered 100% through Sept 2008, with 2 becoming available at the time of the grain harvest, where prices are higher. Diana discloses with great detail, who its customers, are, how much are they paying for the ship, and for how long, it updates the fleet deployment chart on the day the change takes place, unlike other shipping companies. It even provides a fleet positioning map to see where the ships are and where are they heading. With 9% Div Yield, and increasing earnings looks to be a horrible short.
    Also the last 6 Panamax Ship charters will increase earnings for 2008 by over 75% of 2007. Just look at the rates
    Ship 2007 Rate 2008 Term Charter
    Erato 30,500 80,300 12-15 months
    Dione 28,500 82,000 12-15 months
    Protefs 31,650 70,000 6 months
    Alcylon 22,582 34,500 5 years
    Calypso 26,750 55,000 12-15 years
    Nirefs Avg Spot(50K) 60,000 2 Years
    Diana Shipping beats the Treasury Yield by 600 Basis Points, with upside potential, and stability.     Reply
  • commenter
    jturano7423
    Feb 25 06:44 AM
    Jim Cramer's Mad Money Lightning Round Picks, 8/16/07 [view article]
    Feb.25,2008 My reply post to Cramer's article 8/18/07 has come to fruition. Today the stock is $2.02 vs Aug.16th close of $14.53.
    BIG DIFFERENCE! BIG HYPE! BIG TOUT!
    RESEARCH FIRMS ARE JUST AS GUILTY TOO.
    JUST RECENTLY FRIEDMAN,BILLINGS,RAMS... GROUP
    FINALLY DROPPED COVERAGE AND THEIR ANALYST ROBERT UHL IS GONE. BUT THE OTHER REMAINING RESEARCH FIRMS STILL HAVE NOT UPDATED THEIR RECOMMENDATIONS OR THEIR RIDICULOUS TARGET PRICES AS OF 02/025/08. WHY?
    INVESTORS ARE STILL BEING MISLEAD AND NSTK CONTINUES TO MAKE NEW LOWS!     Reply
  • commenter
    TIRED
    Feb 18 03:38 PM
    Dry Bulk Shippers: The Rebound Begins [view article]
    DSX IS BEST BUY OF ALL I BUY MORE AT THIS PRICE GREAT BUY AND DIVIDEND IS VERY GOOD IT IS TIME TO BUY DSX Reply
  • commenter
    sliman
    Feb 15 11:03 AM
    Dry Bulk Shippers: The Rebound Begins [view article]
    Any ideas about the smaller players? Is it a buying opportunity on DSX (DIANA) because of their earnings miss? Reply
  • commenter
    gaucho
    Feb 15 10:03 AM
    My Website
    Dry Bulk Shippers: The Rebound Begins [view article]
    Look at drys beat earnings est of 4.08 with 4.50. That puts it forward PE ration at 4.7. That is an insane number. The shipping rates are rising and the BDI is up yet again today. This stock should be selling @ 130 not 85 Reply
  • commenter
    CrossProfit
    Feb 14 01:10 PM
    My Website
    Dry Bulk Shippers: The Rebound Begins [view article]
    Agree with DRYS being the most attractive of the lot for now.
    See www.crossprofit.com/vi...

    CrossProfit     Reply
  • commenter
    jagmar
    Feb 06 02:13 PM
    Jim Cramer's Stop Trading! 1/22/08: Eagle is Flapping Its Wings [view article]
    great Reply
  • commenter
    CrossProfit
    Jan 12 07:27 PM
    My Website
    Excel Maritime: A Reversal Appears Imminent [view article]
    Nice short!
    50% looks like it may be time to take some off the table!

    CrossProfit     Reply
  • commenter
    kilu
    Dec 20 09:59 AM
    DryShips: Oversold and Likely to Climb [view article]
    Well that sounds nice but right now stock is going down fast... :) Reply
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