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Eagle Bulk Shipping, Inc. Message Board

  • patroutman patroutman Nov 7, 2007 12:26 PM Flag

    What could folks be expecting from EGLE?

    Just wondering?
    There is nothing all that exciting about this company.
    Slow and steady, completely predictable, long term contracts, more boats in the pipeline with more long term contracts to be eventually accertive, etc.
    This is a very safe and steady company. I assume the only way we will get killed is if folks are expecting some big upside suprise.
    EGLE is not on the Spot market! Hopefully people understand that.

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    • Yeah, I totally agree. If there are no surprises, EGLE should do well at a steady pace.

      Todays action is similar to yesterdays action, which leads me to believe that manipulation is occuring to get the price down before earnings. (Look at the first hour or so into a trading sell off, then buy back towards end of day). Manipulation also is evident with this stock when the BDI fluctuates. Its funny, EGLE is not affected by the day to day BDI due to their charter contracts which are held for the upcoming years.Yet, manipulators try to make the stock price act as if it is. With steady contracts, I cannot see how earnings would be bad for EGLE. The fact that the billion dollar loan went through also does not signify any red flags. EGLE should rise in the near future.

10.24-0.46(-4.30%)3:51 PMEST

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