Corrector 2009

DryShips: Speculator Money Still Pervades Sector

Since shippers are still one of the most oversold sectors in the market, they will move upward very quickly and take many speculators by surprise. Their PE is now lower than anything else out there and China is ramping up its exports measurably.

Have Banks Turned or Burned? - Barron's

Citigroup has offered to swap up to $27.5 billion of its existing preferred stock held by private investors at a conversion price of $3.25 a share. That's a 32 percent premium over Thursday's closing price of $2.46. The government will match this exchange up to a maximum of $25 billion face value of its preferred stock at the same conversion price. Citi said major investors, including Prince al-Walid bin Talal of Saudi Arabia and the government of Singapore, have agreed to exchange their stakes.

David Trone, an analyst at Fox-Pitt Kelton Cochran Caronia Waller in New York, said the transaction fortifies the bank’s balance sheet, and he expects the stock to rise back to $3 “once the emotion of the moment passes.”

A-Power Energy Has More Credibility with a GE Joint Venture

A-Power Energy

P/E : 7.63
EPS: 0.76