drmbowen

2009: Watch the Baltic Dry Index

You'd be better off with GNK as your shipping sector hold. It used to lag to a very predictable degree behind DRYS, but going forward for all the obvious reasons will now run first. And, it pays a higher div than TRMD.


On Jan 01 08:49 AM long_on_oil wrote:

> The best kept little secret in shipping is TRMD. If they pay the
> same dividend in 2009 they did in 2008 the current yield is over
> 11%. A great shipping company with fantastic management that has
> been in business since the 1800's.
> I own TRMD and DRYS and I am going to switch my investment in drys
> to trmd because of the dividend and mainly the management of TRMD.
>
> I have owned DRYS through all this volatility and after reading the
> recent annual report, the connection to cardiff and the way drys
> is being used, scares me.
> The highs of DRYS are much higher than the highs of TRMD but the
> volumes of DRYS is what is suspicious. On the recent comback DRYS
> daily volumes were far greater than the outstanding shares, now something
> is rotten there.
>
> I would appreciate a comment from any of you shipping experts out
> there, since I am a novice at investing in shipping companies (1.4%
> of my portfolio).