Euroseas Ltd. (ESEA)

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  • commenter
    getthefactss
    traight
    Jul 18 04:51 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    billf921 (alias of audioFOOL)

    You've been preaching your doom and gloom scenario on the EXM board and others and evidently as a short you'd like to believe what you post, but just the opposite of what you say is true. They're will be a shortage of ships thru the end of 2009 at least and probably well into 2010 which augers well for higher rates.

    Your criticism of a well documented article confirms you have no idea what you're talking about.     Reply
  • commenter
    OrangeValueI
    nvestor
    Jul 08 03:33 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Dont you think gaz price will affect their bottom line massively ??? Reply
  • commenter
    David White
    Jul 07 10:49 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    stumpy: NM has an excellent PE and FPE. IT also has an excellent Price to Book Value ratio. NM has recently bought a fleet of smaller ships, which it will use primarily for river traffic in South America. These are supposed to begin adding 35% to EBITDA beginning in Q4. This stock has been beaten down lately, so it is an especially good buy. It is both a value and a growth play. In addition NM should not have too much competition in the river traffic segment.
    Further dry bulk shipping in general got a recent lift from RTP inking an iron ore price contract for this year with both a major Chinese steel manufacturer and Nippon steel. This was for an almost double price increase over last year. This should engender dry bulk rate increases. I believe other iron ore agreements will be sign soon with BHP, etc. This should further lift the Baltic Dry Index. Also the Chinese have been restricting polluting industries (coal and iron ore especially) in anticipation of the Olympics. Q3 and Q4 are normally the hot quarters for shipping. After the Olympics look for shipping to China to pick up for both reasons. NM should do great. I believe most dry bulk shippers will do well.     Reply
  • commenter
    David White
    Jul 07 10:48 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    stumpy: NM has an excellent PE and FPE. IT also has an excellent Price to Book Value ratio. NM has recently bought a fleet of smaller ships, which it will use primarily for river traffic in South America. These are supposed to begin adding 35% to EBITDA beginning in Q4. This stock has been beaten down lately, so it is an especially good buy. It is both a value and a growth play. In addition NM should not have too much competition in the river traffic segment.
    Further dry bulk shipping in general got a recent lift from RTP inking an iron ore price contract for this year with both a major Chinese steel manufacturer and Nippon steel. This was for an almost double price increase over last year. This should engender dry bulk rate increases. I believe other iron ore agreements will be sign soon with BHP, etc. This should further lift the Baltic Dry Index. Also the Chinese have been restricting polluting industries (coal and iron ore especially) in anticipation of the Olympics. Q3 and Q4 are normally the hot quarters for shipping. After the Olympics look for shipping to China to pick up for both reasons. NM should do great. I believe most dry bulk shippers will do well.     Reply
  • commenter
    David White
    Jul 07 10:42 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    stumpy: NM has an excellent PE and FPE. IT also has an excellent Price to Book Value ratio. NM has recently bought a fleet of smaller ships, which it will use primarily for river traffic in South America. These are supposed to begin adding 35% to EBITDA beginning in Q4. This stock has been beaten down lately, so it is an especially good buy. It is both a value and a growth play. In addition NM should not have too much competition in the river traffic segment.
    Further dry bulk shipping in general got a recent lift from RTP inking an iron ore price contract for this year with both a major Chinese steel manufacturer and Nippon steel. This was for an almost double price increase over last year. This should engender dry bulk rate increases. I believe other iron ore agreements will be sign soon with BHP, etc. This should further lift the Baltic Dry Index. Also the Chinese have been restricting polluting industries (coal and iron ore especially) in anticipation of the Olympics. Q3 and Q4 are normally the hot quarters for shipping. After the Olympics look for shipping to China to pick up for both reasons. NM should do great. I believe most dry bulk shippers will do well.     Reply
  • commenter
    stumpy
    Jul 04 09:42 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Hello,
    I have owned NAT for about 4 yrs and very happy with it but looking now a a shipper that does just drybulk like coal or iron. An sugesstions please.

    Thank You     Reply
  • commenter
    blink0404
    Jul 03 12:15 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    As the market continues to go down, shipping, which used to be a safe haven, now looks like it may be subject to a downward trend. Here's a pretty good podcast that discusses what to during this down market and what's going on with coal, steel, bulk shipping, and agriculture.

    the main idea is that individual investors dont have to act like institutional investors and this market and may be better holding cash than trying to beat the market.
    www.greenfaucet.com/sh...     Reply
  • commenter
    The
    pessimistic
    optimist
    Jul 01 12:46 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    To quote a term, I think she is spot on. There is already backlog in the shipyards and then drydocking for some co's carriers. As emerging markets are still vying for large shares of iron ore and coal not to mention grains and fertilizers I concur with the predictions. Those ships within companies that are in service will be kept busy. Lest we forget oil double hull tankers and then conversion rigs. Q4 looks promising. I agree that 09 looks cloudy but not bleak. Time will tell Reply
  • commenter
    mariposa
    Jun 30 08:08 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Question: with the pressure on shipyard for new builds, will quality slip?
    One major accident due to poor quality control could sink a shipper!
    Generally, though the biggest percentage of my portfolio is in shipping.     Reply
  • commenter
    bones33
    Jun 29 10:25 PM
    Drybulk Shipping: Prepare for a New Record High [view article]
    The BDI will reach new records by Q4.The global demand for resources is growing exponentially.The shipyards will not be able to keep pace.Long DRYS and EXM.The forward PE for these two is below in the 5 range.Add now while still cheap. Reply
  • commenter
    TKTK53
    Jun 27 12:00 PM
    My Website
    Drybulk Shipping: Prepare for a New Record High [view article]
    Kristian is correct
    Dry bulk has noware to go but up
    Ships are the only way to get the products from one place to another
    And the demand for those products is growing every day
    I purchased more when it took a dip to $12.90. A small price to pay for a stock that was at $16.71 just last month, so going by those figures you could make a fast 13% maybe even by next month
    BUT by holding it and reaping the dividens too you will be a winner
    TERRY TKTK53
    Reply
  • commenter
    Rocky77
    Jun 27 11:02 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    The points made in the article are well structured and the logic is good. Yet, I feel that if the US gets more and more into inflation -it seems to be the direction and the Fed ain't doing anything about it- the global machine will 'lose momentum' and DryShipping also (in the greater picture) will get seriously affected.

    Two significant events will give us a sneak preview of what lies ahead: the Olympics in August, and the US elections: September & December 2008 are bound to be amongst the most interesting months of the, well..., decade? Maybe     Reply
  • commenter
    JQ
    Jun 27 10:24 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    Bill,
    the author's point is a record later this year. what happens next year no one knows. but as he points out:
    'The well-known challenge is however the supply side, with a record high orderbook from late 2009 and early 2010.'
    balanced or not, 2008 has been great.     Reply
  • commenter
    billf921
    Jun 27 09:58 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    supply of new ships will cause rates to crater and when rates crater these stocks can fall 50 % or more.

    the ffa's all indicate lower rates in 2009 so if you think you can be th4e first guy out go ahead and buy.

    you need to add more balance to your article and mention what rates were for the last 30 years and why its different this time     Reply
  • commenter
    MCHEAL
    Jun 27 08:29 AM
    Drybulk Shipping: Prepare for a New Record High [view article]
    As another article has pointed out, figure in change in fuel cost also Reply

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