panama up past 6000. what will it take for a rally to hold
Totally unexpected and it reduces the ships available as oil prices rise. If oil grinds higher BDI could really take off. Things like this happen when everyone is positioned the wrong way.
should be in jail
Profits will go right to bottom line and no taxes to pay for what they qualify
MGMT should do a buyback and fry them up
up 25% this week and this could be the 1st inning. lets get it
This could run 50% and go for real. Why be short at this point. Would love for mgmt. to buy some cheap stock here that would light this like a bottle rocket. 150 mill in the bank could by 5 million shares no problem and then sell when it runs to 10-13 and sell some old ships and stock and be debt free in no time. wow wake me up am I dreaming???//////
Its late in the day and its near the high which is typically a good sign. Volume light so this could be good as volume picks up usually near the end of a run. Look like the BDI wants to break out and if GLD can run 25% and gold stocks run 100-300% I used to think 6-7 was a great price for DSX. Seems like it will never get there again but why not at least 4-5 range? At 5 bucks its only worth 400 million plus 650 debt. A billion for 50 pretty new boats and a great mgmt. team. Seems like a low price if there is a turn up in the cycle. DSX can make 150-200 mill profit if things get normal here and capes get back to 25,000 and panamas in the teens
watch out. Could have a 2-3 run up like we did earlier in the year. Everyone is a hater and some opposite money funds will flow. These are real easy to move up. up20% this week
Regardless of whats going on in the sector. We all know markets can move either way just on hope. There is always a new cycle and after 10 years of the BDI going down the new up cycle probably has started. Shippers will always be needed. It comes down to how these fools dont know how to manage the industry. This should be like airlines or other heavy industries. Once they figure things out it should be very profitable and big dividends. New money will not come in and new boats will not be built fast enough to replace the old boats unless things improve. It has to balance out at some point just a matter of when and who survives.
Hoping its the start of the next run up since our Feb low from 290-700. Now we started in the high 500s to lets see once we break past 700. Panamaxs are moving up more than capes I think thats a good sign. I think the last time the panamas ran to 6000 and now we are at 5500. We are moving slow and steady which is also good. These large spikes always fail. Up 10-15% this week and I would expect it to continue next week. Last year I read the BDI ran from 500-1200 around this time. The article stated they didnt expect that much of a move but a move up regardless. Hopefully DSX plays catch up here. THe last time the BDI was at 700 DSX was in the mid 3's. A strong close over 2.65 today and we could have a short term spike. SO much money chasing garbage all it takes is some new cash. Volume so light the shorts cant cover
this is one company that may hold on and ride the wave back up
SO much money chasing stocks it wont take much for this left for dead stock to move up on.
We all know the past and how creepy the sector is. Drys was the biggest crapper. Dsx at least does what they said. Slowly buy bulkers each quarter and when the cycle turns they would be leveraged and the Profit from it. Dsx had made more than they lost by far. The good years had them making 200 mill in positive cash flow. They made money up until the last 6 months so tell the truth on that at least. Depreciation is not a loss. They burned 10 mill last quarter and it was debt and Corp cost. They leased at above expenses and probably will be able to maintain that's. Their cost is like $5500 per day. 10k per day and it covers all costs. You have been right and may be in the long run but we shall see. We all know rates and go up 100-200 percent quick. Should that happen what is Dsx worth? Bdi looks strong now and if it takes out 700 why can't it go to 1000 or more. Bdi has a nice streak going and last time it ran like 25 days and Dsx went from 2 to 3.70. Maybe the rally holds or not but they stock has move 70 percent quickly 2 times this year I'm dumb for not selling some maybe this time
in the not too distant future. BDI can move quick so a 25-30% run and DSX could take off. This has been out of favor since 2008 and is long overdue for some interest and money to flow into the winners like DSX.
contract is above market rates. 2nd quarter may mark the bottom of their contract rates and renewals overall may be higher than what expires. Once the market gains confidence that the worst is over and the rebound is near this stock should out perform as long a mgmt is shareholder friendly. With 150 mill in the bank we have lots of cash. If they continue to get 6000-7000 on the panamax and capes above 10,000 we will be close to even on our burn. To me this is great and they can waiit out the rebound without dilution. Things can happen in a flash but the wait is painful. would be nice if it could break out past 2.70 and hold