andyn

Is it Time to Buy Dry Bulk Shippers?

DRYS looks appetizing here in single digits, from its peak of $100+ say 6 mths back, but remember it has tripled from its lows of $3 or so.
The issue is whether all of these firms will "survive" the slowdown, which looks to be well into 2011.
So be very careful and only buy debt free companies which have good contracts locked in and not the day-rate companies.
Rather than dry-bulk shippers, a better bet would be mining/infrastructure plays which should recover from their low commodities. Like BHP, FCX and SLT.