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Ship Finance International Limited Message Board

  • madmax_194752 madmax_194752 Mar 27, 2013 9:49 AM Flag

    O/T Dry shippers in general

    Hello to all message board members!

    Last night J Cramer talked about the shippers--Diana especially --what a chart for DSX --I do NOT know about DrangonFly and Doji candle sticks but i was impressed with the technical analysis!! He made the case that now was the time to buy the dry shippers.

    After hearing JC build a case to buy dry shippers! --I looked at all shippers that I know of!!! I like NM it pays 5% seemed like a good bet to me-still shippers are risky! But this shipping pressure must also be putting upward pressure on SFL stock price--who knew that the turn around in shipping was now!!

    Please all comments are warranted and appreciated.. Again I am just sharing, and Please Mark I would like your opinions.....
    Sarge

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    • The only shipping stock I currently hold is TAL, a company that owns shipping containers and leases them out . Very happy with it. When I get ready to go back into other shipping stocks (currently suffering from a lack of dry powder) I'll stick with SFL. I like the idea of diversification and also being removed one step from the sometimes violent swings of shipping rates.

    • sarge,
      FWIW, SB, NM and NMM are my favorite drybulkers but I sold out (too soon) except for now holding less than 100 shares of SB. With Naivos you get a great mind at the top (Angeliki Frangou) and with SafeBulkers you get Polys Hanj..., another great shipping mind with a real family history in the business. Both have large holdings in the companies they run so their interests align well with shareholders. Navios companies have maintained their dividends as has SB, until recently. I like NMM below $14 and SB right now. However, I think the latest rally may be overdone, which is the opinion of Wells analyst Michael Webber. He notes that grain shipping demand has produced a rise in the Baltic Dry index but that Supramax and Panamax rates are still near their historic lows and Capes are up some but still below break even. From the fleet size outlook, the newbuild deliveries and new orders is supposed to fall below rising demand for charters sometime in 2014, however, this may be partially offset by the fact that ship owners have already scrapped most of the scrapable vessels so there won't be many ships dropping off the global fleet for a while.

      One thing about SB and DSX is that they should pop when restore their dividends. I don't have a feel for DSX but I think SB management will restore its full dividend sooner than people think.

      As always, what I lack in facts I make up for with opinions.

    • madmax (aka Cheer_leader101)...you are really good about keeping this message board going and on the right track (good for you)...I also saw the show on Jim Cramer last night and I agree with him but for a few different and some of the same reasons:

      First, there is only one way to move large amounts of goods around the world (ships) and that will not change...

      Second, China and India are importing more materials from around the world all the time and that will not change (coal, soybeans, iron ore, oil and etc.)...

      Third, SFL has been a safe stock play with a nice yield and 'will benefit some' (growth and profit sharing) from an increase in global shipping, but 'not as much' as a shipping company that is moving the goods around the world...

      Fourth, we always need to remember that the markets move 'about six months' ahead of future trends (smart investors follow the data on forward economic outlook)...

      I talk about the 'money flow' and when the money flow changes and starts back into shipping because of higher shipping rates it will very fast and we could get caught on the sidelines if we read it as a false start...the real question is when (not if) to start playing the shipping game again...! Please keep cheering, it is good for business (lol)...! $tagg...!

      • 1 Reply to staggman99
      • You are so right about being "caught on the side lines," and that one statement has defined my work for this morning. I used to have nice holdings in NAT, NMM, FRO and DSX and got hurt in the big bust. For the past 18 months, I've been playing SFL with great success with rotating in and out while collecting some nice dividends along the way. I think it's time to broaden out and establish some positions even if I'm early.start

 
SFL
14.52-0.01(-0.07%)Jan 27 4:02 PMEST

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