I have positions in EXM, FRO, SFL, and TOPT. What seems to be evident is that the sector is depressed with decreased shipping rates. The rates seem to be the big thing that investors look at, because if you look at the bigger picture, long term, these stocks are a must have. I have lost, mostly lost, and made money on companies at bleed money, never a profit, but higher stock price, go figure! All these shipping companies "make money". With FRO, I have a $37.76 average and have paid as much as $40.70 and as low as $29.90. Long term (3 years) I have made approx. 40% on 2050 shares. Buy at these prices and hold as you will be rewarded! Good luck however you invest.