In 2012, the "Stupid Shipping Rally 2012" took this from...
a low of $6.59 to a high of $10.19 then right back down to $5.89 last summer. This year, with earnings a full DOLLAR per share less as revenues PLUMMET, the rally took it from $6.46 to a high of $11.09. Will it fall harder than last year since the PE is now ABSURD (last year it was in the TEN range, not TWENTY FREAKING FOUR!!!) and the earnings are negative and more drybulkers are on the way with even MORE being ordered this year AGAIN!? I think there is a very strong chance it will set a new all time low.
Interesting to see a similar sentiment. I have been watching DSX for a while now and feel things are likely to deteriorate further. Cramer pump really took this one up but it appears to be settling back down now.
what's your view on NMM?
I have a reasonable sized position and am quite happy with the dividend.