I listened to conference call today. Nothing new that surprised me. ESEA sees a possible turn around in 2010, think prices of ships are real low now (but might go lower) and plan to conservatively buy (50% equity on each ship) some new ships if they find right deals. Mgt appeared to me conservative and knowledgeable and stated they plan to keep paying a dividend. I recently bought a small position for a long-term (1-3 year) hold.