This whole sector needs consolidation. This isn't the weakest but some need to go BK or be acquired. Glut of tankers AND glut of companies. GNK is an example.
mmmmm...so delicious with cream don't you think?
Nonsense...Bullard tested the market today on purpose cause Bernanke asked him probably ...it's all just manipulation. Earnings may provide real color but not down 8%...consumer is in ok shape.
Obviously, the market can't be gauged by losers like crapple...
More important would be heavy truck replacement cycle and EPA considerations offsetting that somewhat. Move to NG is important but long term cyclicality (demand due to aging fleets) must drive things so to speak. Even something as weak as NAV may benefit.