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Euroseas, Ltd. Message Board

  • csbordone csbordone Dec 31, 2013 3:03 PM Flag

    price

    why are we down today all other shippers are up 6 and 7 percent

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    • If I had to hazard a guess, I'd say that the day-to-day variations in the shippers' prices tend to follow the indices, and the BDI rates for Capesize vessels have gone up a lot faster than for Handymax and Panamax, so those with a bigger Capesize percentage are moving up faster. However, I'm in ESEA and SBLK for at least a year, and what will determine long-term profitability are factors such as long-term contract prices, contract renewal dates, and debt service costs.

    • Don't really know why, but it may be that ESEA's prospects are seen as weaker. It's not just today, though:
      http://finance.yahoo.com/echarts?s=SBLK+Interactive#symbol=sblk;range=1m;compare=esea+dsx+drys+nm;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

      Sentiment: Hold

 
ESEA
1.13-0.01(-0.89%)Jul 28 3:59 PMEDT

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