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Diana Shipping Inc. Message Board

  • steveredlish steveredlish Mar 15, 2008 12:37 PM Flag

    view from 40,00 ft

    This is one of the few boards that provides insight to the business as opposed to predicting tomorrows price. I enjoy reading those that provide curent estimates for earnings and dividends. Here is my view from 40,000 ft.

    When I bought DSX for the first time it was at 16. I bought it because of two things. First, I am a firm believer in dividends and DSX's home page makes it clear that their objective is to grow and pay as much as they can of their free cash flow in dividends. Second, some business articles said that they had the best management in the business. the stock went straight to 10.

    My current view is that despite the current concerns of the US economy and the spillover effect it will have on the global economy, dry bulk shipping will continue to increase at a pace that exceeds the fleet growth. It is just a guess but it is clear that it is as good a guess as you will get from any Wall Street expert. It just makes sense to me. It walks like a duck and quacks like a duck and even if Cramer says it's a crow I have to invest on my own beliefs.

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