sell dsx and buy dcix......palios said dsx won't turn around for another 3 years......palios said dcix has turned the corner NOW!.....won't be able to find any dcix shares to buy at reasonable prices .....BUY BUY BUY DCIX
I will be happy if they break even. Last quarter was a shade of gray because of the write off they took. Nothing there for this quarter and the leases are not in the black.
12 west capital just bought 2 million more shares in dcix in the last 2 weeks....they now have 18 million shares......palios sees bad times in dry bulk for another 2 years at least.....both stories were on tradewinds
It's very common. It just means that the charterer is paying most, or all, of the expenses for Diana to travel where the charterer wants the ship loaded. The ballast leg of the trip is the part where the ship is empty.
When the ship is traveling empty, the ship pumps ballast water aboard to make it stable.
Then you are an idiot.. Geo Economue has took all profits Drys and Orig have ever made.. With exception of $30M, he has paid to stk holders of Orig stk, that Drys don't own.. In 2014.. He sold an additional $423M of Drys stk..While his cost was $30M .. In mean time.. Looks like only ones seeing any benefit from these drybulkers.. Are the ones running them? And I can't see how all stk holders, won't lose every penny, they invested. With what bulkers are leasing for.. You can't do anything but lose money, just operating them at these rates! Then where is money going to come from to pay interest on Debt? Well in 2014, DSX sold $78M of stk holders equity to preferred stk holder.. BTW: If and when DSX has to file for BK protection.. You are last in line, to get any equity.. Preferred stk holders May be first?
BDI is also at baseline support. Seems like a good enrty point here. Many anaylist think the low oil prices are supply vs demand driven. If this is true, then the fall in oil a big positive for dry-bulk shippers.
Yes, the problem with dry bulk is the oversupply of ships. When the numbers come out later this month, it will show that China imported 15% more ore in 2014 than the previous year. The coal numbers won't be great, but in general, there is increasing demand, and it has increased every year since 2009.
So, what the segment needs is for rates to be so bad that the owners scrap older ships, and stop ordering new ones.
But owners slowed their building spree in 2012, only to get right back at it by ordering 100 mdwt. in 2013.
And as for scrapping, there really is only 10% of the fleet that is over 20 years old. And many owners held on to them when rates crashed before.
So expecting these guys to come to their senses is a tall order. It will take armageddon to get them to stop.