FRANKLIN32

Good Time to Buy a 'Little' Shipping

Would agree, on the falling knife but DRYS looked like it was slowing yesterday (June 12) and may work itself back up. Their was a article posted that a fund manager sold all his shares at one time. This might of triggered a sell in the stock (it didn't mention why he was selling)? I find the stock cheap with a P/E 4.6 (hard to resist putting a little in your portfolio). Would suggest you buy pieces vs. the whole pie!


On Jun 12 02:41 PM einstein p fleet wrote:

> EXM and DRYS are both getting killed along with the rest of the group.
> The chart looks like they fell off a cliff in the last week. Coal,
> iron ore, fertilizer, and grain are in heavy demand and demand has
> not slackened. Those commodities will need to be shipped by dry bulk
> ships and companies like EXM and DRYS can pass those rising oil costs
> to end customers on the spot market. The only companies that can't
> are ones that are booked out for several years and I would imagine,
> like the airlines, they hedge their fuel costs. Still, I wouldn't
> try to catch a falling knife. This group is getting trounced.