bfras921

Eastern Winds Favor Diana Shipping

Nm is a good name as well

egle would be a good name if the ceo pay wasnt obscene. last year he screwed his shareholders with a 21 m pay package


On Aug 24 09:41 AM enigmadude wrote:

> I agree that a couple of shipping stocks would be a good choice right
> now. I am long PRGN, and thinking of getting back into NM.

Eastern Winds Favor Diana Shipping

ecomike in post 2 is totally off base.

First dsx pays a dividend

prgn and exm have a negative net worth if you factor in the current value of the ships. Like most bulker stocks are on the books at historical cost and both prgn and exm bot their ships at the highs.

Both are debt laden

Dsx on the other hand has little to no "net" debt. In fact they are the most underleverage name in the space

Finally, the ceo isnt a crook like drys economoo, exm ceo gave himself a huge bonus and warrants to buy stock at a cheap price

I dont like self serving moves that dilute the little guy

Shippers Disappoint Market; Market Disappoints Shippers

>But why can't the few firms with fine earnings hold on to some stock value?

Regarding PRGN, you omitted 2 details:

1. the company is selling 10 m shares into the market AFTER just completing a 10 m share offering into the market.

2 The ships values have cratered along with rates to wit one sale caused a 6 m loss. The banks are making the shippers raise more equity as they are all underwater and breaching their debt covenants.

On Drys you said;

>maladministration of its CEO or the blatant mistreatment of the common stock holder

That like saying bernie Madoff mistreated his investors.

IMHO, George Economoo stole from his shareholders in his many self dealings transactions. He bot 4 Panamax from his private company for Drys at 100 m each then canceled it for multimillion dollar cancelation fee. His next caper was to sell 13 capes for an obscene price for drys stock , which he canceled when his stock cratered to 6 on the heels of the deal. He followed up this with self dealings with Primelead.This only scratches the surface.
Avoid DRYS at all cost , imho. There is a reason why it fell from 130 to 5!

Other ceo's saw what George got away with and pulled similar larcenies.

The ceo of exm gave himself low priced warrants and huge bonus's
Soph of egle took 21 m last year even though its stock is down 80% and has a ga rate approching 20 %

2 bulker companies I would consider investing in are DSX and NM. Fairly priced and honest ceo;s

Excel Maritime Diluting Shareholders

there are 2 goals by bulker ceo companies

1. keep the banks for foreclosing on them

2. keeping their jobs so they can fleece shareholders

the only way to do this, is issue shares

BDI Falters; Stocks Vulnerable?

ok, lets see if i have this right.

you went short friday, then put out a negative article one day later.

This isnt marker manipulation??

The SEC should look at your tactics

The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities

I suggest you sell every share of drys as the company is headed by a guy that would make Madoff look like a cub scout

You really are clueless and i hope others do not follow your lame advice