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Diana Shipping Inc. (DSX)

NYSE - NYSE Delayed Price. Currency in USD
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5.42+0.25 (+4.84%)
At close: 4:00PM EDT
5.54 +0.12 (2.21%)
Pre-Market: 04:38AM EDT
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  • J
    Jason
    This should go 10 nice earnings ahead! Big surge in revenues across this sector, due to increases from .80 per kilo to $13-15… this translates into higher stock price ahead!
    Bullish
  • P
    Piotr
    $SHIP conversation
    $SHIP shorts are in panic mode. Great potential for a proper short squeeze.
    $BDRY
    $SB
    $NMM
    $EGLE
    $DAC
    $CMRE
    $ESEA
    $GOGL
    $DSX
    $SBLK
    $NAT
    $ZIM
    $STNG
    $FRO
    $GSL
    $EURN
    $GNK
    $DHT
    $TK
    $TNK
    $ASC
    $CTRM
    Bullish
  • R
    Rick
    I thought 7 now 10-12
    Bullish
  • J
    Jason
    This is going to be a great ride! Big weeks ahead!
    Bullish
  • A
    AnthonyM
    This stock is worth much more than 5.17
  • C
    Chris
    Does anyone recall in 2007/2008 when shipping tightened up and the Baltic Dry Index kept climbing higher and higher? Do you remember eventually Diana Shipping stock went over $45 a share during that time? A rising tide lifts all ships and higher selling prices in any industry fall extraordinarily to the bottom line once fixed costs are covered. Could be spectacular despite some headwinds.

    Disclaimer: I am long DSX and may add to or decrease the position at any time. This is not investment advice and each investor should do their own due diligence and consult their advisors. Posts may be subject to errors and I am very capable of investment mistakes.
    Bullish
  • V
    Vong
    Keep buying will up to 7
    Bullish
  • A
    Aladdin
    A headline pause or pull back in inflation aint going to stop the commodity train.

    This will another Diana and dry bulk epic move...
    Bullish
  • R
    Rick
    Diana should make nice profits this year right times right business.
  • N
    Nader
    I recall 2007/2008. Much of it was due to China building out for the Olympics. What is concerning since that time is the company has undertook one major fiasco after another to waste millions upon millions. They got rid of dividends to save money and that was a good move but everything after that was one major disaster move after another. I am shocked every time I see a press release. They just signed a contract for $27K daily rate for less than two months!!! Lock in long term low rates contracts and short term high rate contract. They're now down to 36 ships from 50. Look at the fleet utilization report on the web site. Only a handful of ships will become available for 2021. By then all the pent up demand will have settled and Diana will not have been able to take advantage of it. Will the rate increases help them in 2021? Sure it will but not to any great extent, at least not where it could be had they not gotten rid of 16 ships just recently to buy back shares. I don't think the executives running the company know what they are doing business strategy-wise and to me they are just better off letting someone else take over the company. They are literally missing the boat on the dry bulk recovery.
  • N
    Nader
    The strategy of selling ships and buying back shares does not make sense. Companies that are buying back shares are usually making substantial profit. Why would you sell off you main revenue producing assets to buy shares when you are making massive losses? I suppose if one continued this strategy of selling ships piecemeal and buying back shares Diana could get down to zero ships and shares worth the same. The executives of this company have wasted millions upon millions in a multitude of failed business strategy endeavors. They would be so much better off today if they did nothing more than just simply have operated the company for the last 10 years. For all the macro economic indicators the former CEO emersed himself in (new builds, demolitions, China economic outlooks, etc.) to form business strategy he sure has lead the company to a path of ruination. "Succession planning": sure.
  • A
    AnthonyM
    Nickel and Dimers taking their cents.
  • C
    Chris
    If I am not mistaken the Baltic Dry Index is now more than 20 percent higher than it has ever been in the last 5 years. This should bode well for Diana Shipping. I am also excited to see the large move towards powering ships with natural gas.

    "The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities." Trading Economics

    Disclaimer: I am long DSX, as well as natural gas related companies (HGTXU, GURE, AR and SWN) and might add to or decrease my position at any time. This is not investment advice. Each investor should do his or her own due diligence.
  • T
    TAIWAN
    overvalued
    Bearish
  • R
    Rick
    Diana just seems to move up little by little 7 soon?
    Bullish
  • C
    Chad
    What happened to WM the basher? He said this was going back to $2. Bueller? Anyone? He disappeared.
  • N
    Nader
    I have had this stock for many years and have watched as management has carried out one foolish and ill advised move after another. 1) Getting into container ships when the market is about to implode ==> get out and sell everything at massive losses 2) Buy ships when rates are low ===> increase quarterly losses followed by selling them all and more right before rates explode 3) Engage in stock buy backs when making massive losses and ships need to retrofitted ===> does nothing to move the needle on stock price. You can always count on DSX to be locked in into low rate long term contracts when rates are high. Abysmal failures. This company is better in the hands of new owners rather than continuing this strategy of one massive misstep after another.
  • d
    d
    I think Q1 is going to be a disappointing report. While some recent charters are strong, they didn't happen soon enough to help Q1 very much. Q2 should be better by a fair margin, Q3 better than that, if they keep signing new charters. What we learn about their "offering" intentions will be important.
  • M
    Morgan
    Are we the red headed step child in this dry baltic index rally???
  • d
    d
    LOL! And there it is. The dilutive offering.