How could these go up 500% in one year? Didn't new pricing take this increase into account?Someone in the know please explain, as it seems fishy and/or a lame excuse.
The whole NMM thing is a farce.Why make something as simple as shipping bulk from here to there so flipping complicated.Jeeze it is so much more rewarding to own DRYS and EXM. Sorry I every stuck and ore in the water here. Really feel bad about today's report when the rest of the industry is booming.Guess I'll just hold for now. For once, Cramer made the right call on his show the other night and said wait for earnings. I sold 3/4 yesterday on the big move up, BUT I'm still pissed anyway!
simply put the long term charter strategy is blowing up in their faces.Did you hear the CC? An analyst called in and told them they should shorten up because spot rates will stay high, and they said that was good advice.Management is clueless.
You didn't address the question about why the expenses went up.
the question now is whether management will take that advice...