antiquary

Are the Dry Shippers Value Traps?

Good analysis. There's a point I'd like to make, though. There are long runs, and there are longer runs. Even if EXM slashes its dividend, and even though some of the other shippers have already, even to zero, these are companies in the dividend habit. They produce boatloads of cash, if you'll excuse the pun. Buying a dividend company for prices that don't reflect investors who would be in it for the immediate payout is the way to get paid back in only two or three years once the economy recovers-- as it will-- and they start paying again. Now, there's an astounding opportunity.