engprof

Euroseas: A High Dividend Dry Shipper

I too own Euroseas. I have been impressed by its fundamentals in comparison to its peers. ESEA is outstanding in everything except price strength relative to others. But in this kind of market, maybe we should also pay attention to market caps and debt ratios. Frontline's debt is high in relation to its peers, but is it high in relation to other companies with $4 billion or higher market cap? Its dividend payout varies unpredictably from quarter to quarter. Although Euroseas' dividend seems reliable and the company raises the dividend regularly, some people say that your dividend portfolio should have only $10 billion-market-cap-or-... stocks. All things considered, I'm not ready to sell ESEA and buy more FRO right now. I'll wait to see what happens if ESEA brings in another good quarter.