bryanz

Frontline's Earnings Do Not Paint a Clear Picture

FRO isn't in DBS though, DRYS is.

FRO is much more comparable to NAT than it is to DRYS. Shipping in general is taking a beating with the economic slowdown however. Bummer about the dividend but this is a long-term hold for me. I'm with some of the other posters here, FRO has paid me handsomely to hold them for a little while. I think I can do so and will probably add to the position as time goes on.


On Nov 30 08:45 PM Fam62c wrote:

> Too much capacity in the DBS industry for anybody to make any money.......too
> many ships and too little work.

Frontline's a Buy Heading into Earnings

FROs had a great run over the last month or so... the continued Cramer calls probably aren't hurting although I wonder if has as much sway as he used to? I also own NAT which has been doing pretty well. The oil shippers seem like a strong intermediate term play, especially with the divs. I'm a little nervous about FRO going into earnings b/c of the runup its already had, but NAT's CEO has already come out saying he expects the Q2 div to be higher than the Q1 div, which was a 136% increase over the Q4 of 2007...