I sold out of BALT a little over a year ago and bought back in today. I think BALT management is on the right track and will be one of the more successful shippers. Little debt, and expanding and new fleet combined with a positive trend in the BDI equals profitability. This has been a long time coming for BALT faithful. As to earnings today.................. I expect increased earnings as this quarter caught the beginning of the BDI spike and now that the BDI has stabilized the forecast should be positive.
I was concerned earlier this year that BALT would be caught up in the GNK mess but that has not happened. BALT now appears to be in the catbird seat with the ability to grow and prosper.