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Genco Shipping & Trading Ltd. Message Board

  • miketemes miketemes Jul 25, 2012 10:11 PM Flag

    DSX only shipper to buy, all the others are in trouble

    DSX has been slowly buying ships and they have the best balance sheet by far.

    all the others are sitting on a ton of debt which will cause big problems. They will either go BK or have to sell ships or stock at a firesale. GNK is borderline on whether it can make it out of thi mess without diluting or selling ships. It is a high risk high reward play. DSX is better managed with a low risk medium reward. I am in DSX and have been adding on Dips. Do your own research if you know how. Looks at the cash and debt positions. Dont looks at they stated value of their ships you can basically cut it in 1/2. So their book values are very misleading.

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