We are watching the sector and waiting for a solid turn – in terms of
1) Shipping rates – which have retreated from BDI over 2000 to half that recently
2) A solid world economic recovery – especially dry cargo – iron ore to China
3) Increased scrapping of old ships and less new orders-to bring a better balance to fleet size.
These factors are not yet all moving together and it is better to deploy capital in other areas .Our great interest is the fact that when the turn occurs t will be years of recovery – for those companies that are around to see it.
Note that Dryships reports after the market closes Tuesday
ATHENS, Greece, Feb. 18, 2014 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $9.6 million for the fourth quarter of 2013, compared to net income of $5.0 million reported for the fourth quarter of 2012.
- QUOTE DETAILS
|Open||12.19||P/E Ratio (TTM)||—|
|Last Bid/Size||12.65 / 3||EPS (TTM)||-0.09|
|Last Ask/Size||12.66 / 3||Next Earnings||18 Feb 2014|
|Average Volume||1,009,003||Dividend Yield||0.00%|
|Day High||12.92||Ex-Dividend Date||—|
|Day Low||12.12||Shares Outstanding||82.8M|
|52 Week High||13.93||# of Floating Shares||68.30711M|
|52 Week Low||8.24||Short Interest as % of Float||3.85%|
|Open||3.73||P/E Ratio (TTM)||—|
|Last Bid/Size||3.66 / 91||EPS (TTM)||-0.86|
|Last Ask/Size||3.67 / 493||Next Earnings||3 Mar 2014|
|Average Volume||9,488,317||Dividend Yield||0.00%|
|Day High||3.76||Ex-Dividend Date||—|
|Day Low||3.59||Shares Outstanding||403.8M|
|52 Week High||5.00||# of Floating Shares||347.0431M|
|52 Week Low||1.65||Short Interest as % of Float||3.31%|