I guess this explains why I don't perceive the economy being that bad. I'm in Denver, and Denver is seeing some of the largest home price increases. With that said, we also had one of the highest foreclosure rates. From my observations though, those foreclosures took place mostly in the "slummy-er" areas.
I don't mean the company performance is bad. I mean the stock performance has been really weak. EXM and TBSI were running side by side for a while. But EXM is much more active in terms of volume and price fluctuation. I just wondered why EXM can get so much more attention than TBSI.
Money, I've read most of your posts about TBSI. And they always sound very theoretical and also convincing. I'd like to know why, among all the drybulk shippers, you have more faith in TBSI? It has really bad performance lately, more than other shippers, it seems. Thanks.
I think that the bulkers will all turn up when the BDI does. That should be soon, now that the Olympics are over and China imports return to normal. Some of their power plants shut down when they ran out of coal. Manufacturing plants closed in order to reduce pollution. Seasonal factors will also kick in next month. A doubling from here is surely possible. With a little patience we will profit.