Santa Claus Rally In Shipping Sector

Just about the night before Christmas and I have the right to brag about the results of our commitment to the recovery in the shipping sector.

We EARN our performance fee :

DryShips also has a strong exposure to the spot market, with 20 out of its 28 Panamax vessels, its two Supramax vessels, and one out of its 12 Capesize vessels operating on a spot basis, which should aid earnings going forward if the BDI continues to climb upward as international drybulk trade demand growth seems to indicate. The company has estimated that if spot rates rise by $5,000, it will add $65.8 mill. and $79.3 mill. to its EBITDA or free cash flow generation, respectively, and the numbers rise even higher to $131.6 mill. and $158.7 mill. respectively if spot rates rise by $10,000, and to $263.2 mill. and $317.3 mill. if spot rates rise by $20,000.

We have been following the activities of leading fund managers via numerous articles on Seeking Alpha, and on our website, and have observed a strong correlation between the activities of leading fund managers and the price performance of stocks in the succeeding quarters. Hence, we view the small accumulation of DryShips shares by leading fund managers in the latest 3Q/2013 as a positive, lending further credence to our thesis that DryShips shares are in buy territory based on the projected turnaround in the BDI index and the promising prospects for its majority owned subsidiary ORIG.

DRYSHIPS INC(DRYS:NASDAQ, US)

BuySell
3.93USDIncrease0.24(6.50%)Volume:
Above Average
As of market close 23 Dec 2013.
Open 3.72 P/E Ratio (TTM)
Last Bid/Size 3.92 / 30 EPS (TTM) -0.86
Last Ask/Size 3.93 / 45 Next Earnings
Previous Close 3.69 Beta 2.97
Volume 13,375,548 Last Dividend
Average Volume 9,362,839 Dividend Yield 0.00%
Day High 3.95 Ex-Dividend Date
Day Low 3.69 Shares Outstanding 403.8M
52 Week High 4.00 # of Floating Shares 347.0658M
52 Week Low 1.53 Short Interest as % of Float 4.17%
chart

SAFE BULKERS INC(SB:NYSE, US)

BuySell
10.32USDIncrease0.34(3.41%)Volume:
Average
As of market close 23 Dec 2013.
    • QUOTE DETAILS
Open 9.98 P/E Ratio (TTM) 9.2x
Last Bid/Size 9.50 / 5 EPS (TTM) 1.08
Last Ask/Size 11.00 / 3 Next Earnings 17 Feb 2014
Previous Close 9.98 Beta 1.69
Volume 806,616 Quarterly Dividend 0.0600
Average Volume 805,088 Dividend Yield 2.33%
Day High 10.57 Ex-Dividend Date 20 Nov 2013
Day Low 9.90 Shares Outstanding 83.4M
52 Week High 10.57 # of Floating Shares 41.96572M
52 Week Low 3.15 Short Interest as % of Float 1.39%

NORDIC AMERICAN TANKER LTD(NAT:NYSE, US)

BuySell
9.72USDIncrease0.66(7.28%)Volume:
Above Average
As of market close 23 Dec 2013.

QUOTE DETAILS

Open 9.24 P/E Ratio (TTM)
Last Bid/Size 9.70 / 7 EPS (TTM) -2.13
Last Ask/Size 9.71 / 19 Next Earnings 10 Feb 2014
Previous Close 9.06 Beta 1.25
Volume 3,038,216 Quarterly Dividend 0.1600
Average Volume 1,603,536 Dividend Yield 6.58%
Day High 9.83 Ex-Dividend Date 26 Nov 2013
Day Low 9.16 Shares Outstanding 74.2M
52 Week High 12.00 # of Floating Shares 71.04741M
52 Week Low 7.00 Short Interest as % of Float 13.24%

STAR BULK CARRIERS CORP(SBLK:NASDAQ, US)

BuySell
13.02USDIncrease0.68(5.51%)Volume:
Above Average
As of market close 23 Dec 2013.

QUOTE DETAILS

Open 13.04 P/E Ratio (TTM)
Last Bid/Size 12.62 / 6 EPS (TTM) -57.05
Last Ask/Size 13.10 / 3 Next Earnings
Previous Close 12.34 Beta 1.89
Volume 452,161 Last Dividend
Average Volume 282,985 Dividend Yield 0.00%
Day High 13.43 Ex-Dividend Date
Day Low 12.57 Shares Outstanding 29.1M
52 Week High 13.43 # of Floating Shares 28.41736M
52 Week Low 5.28 Short Interest as % of Float 0.59%
chart
Is your portfolio growing by 4 % a month?

Don’t let another year go by before you are gaining with Jack A. Bass Managed Accounts.

Email info@jackbassteam.com or call Jack direct at 604-858-3202 ( same time zone as Los Angeles) No cost or obligation .

JackAssociates uploaded a video
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http://www.youtube.com/channel/UCA_O-JpUCOGW47_BDUIGPfg

 

Business Development Consultant Chilliwack, BC – (604) 858-3202 ‎

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