I believe that you have understated the increase in the distribution rate of EPD.Its quarterly distribution was increased from $0.515, or an annual rate of $2.15, to $0.545, or an annual rate of $2.18.
Not Off the RIMM - Cramer's Lightning Round (9/3/08) [View article]
Frontline is entirely on the spot market and in tankers for crude and refined products.Eagle is in dry bulk (limited to the Supramax sub-sector, has credit insurance on its charterers and 3-5 year time charters--with one ship on a 10 year charter--has an entirely different business model than Frontline). These are not at all comparable risk models, so Cramer's comment is irrational.
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Not Off the RIMM - Cramer's Lightning Round (9/3/08) [View article]