Dry Bulk Shippers: Good to Go - Darspal Mann

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Dry Bulk Shippers: Good to Go
Apr 25, 2008 11:13 AM UTC

Darspal Mann

Return	Risk
-70.40%	MID

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
SBLK		04/25/08	-74.98%	--
ESEA		04/25/08	-70.17%	--
DSX		04/25/08	-47.25%	--
DRYS		04/25/08	-92.35%	--

Via Long Investment Ideas from Seeking Alpha:

Bears have hammered the dry bulk sector for last 6+ months, mainly for being:

- At its all time cyclical peak

- Soon to suffer from overcapacity on new ship builds

- Global economy entering into recession

- Bulk freight index decline showing lack of pricing power

- Overlevered

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