by Travis Johnson, Stock Gumshoe | July 17, 2009 4:54 pm
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Source URL: https://www.stockgumshoe.com/2009/07/make-like-a-barnacle-bottom-fishing-in-shipping/
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There is a chart comparing Baltic Dry Index to SnP
http://investmenttools.com/futures/bdi_baltic_dry_index.htm#log
and here is a chart re LR 1 and II
http://www.teekay.com/index.aspx?page=newsletter&article_id=149
Thanks for the idea
Torm is a real favorite of mine, Travis……Nice write-up; Best I’ve read…..
I’ve been in Torm twice….
This last time I decided to trade it (Kinda sorta)….Buy it for the annual dividend….Capture it, and hope
to come out at a profit on a sale a couple weeks later…..
It worked out….But I’m very wary of the industry right now….The only thing I have is
OSG America LP (OSP)….Nice dividend, Quarterly……Coastal petroleum product barges and tugs.
I’m watching K-Sea (KSP)….Same deal….Barges and tugs (They bought out my favorite, Maritrans,
a year or two back. A client is a tug boat skipper with them; Sails out of Tampa ). As with
OSG…K-Sea is suseptible to weak petroleum markets; However, the dividend from both makes the
weakness in price, more palatible when it occurs….
Overall….I’ve found the usual analysts (CFA) coverage of shipping not very inspiring….For most it seems to
begin and end with the Baltic Dry Index….And then they apply general investment techniques, as if
analysing P&G or something….Shipping is different…The owners (Families a lot of the time), and Boards of
Directors, are very often Master Mariners, or experienced captains and officers who know the
shipping industry like few analysts ever could…..I read, or listen to every interview with a shipping company President that I can….They know where they stand, profit and voyage, at any moment in time…..
A wonderful industry…..Something for every type investor….
How about TNP (Tsakos Energy Navigation)? Agora’s C&C is touting this one, and it matches the charts of TRMD almost exactly. They still have dividends, as well, and according to Agora, are supposed to have very clean books as well. Any thoughts?
Comment on rates for the next quarter
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=55530&Itemid=31
This site shows futures pricing for the BDI with lower prices out to Q1 2010 of 2240 vs spot of 3542.
Can anyone comment on the Imarex exchange and is it normal for futures to be discounted to this extent?
I really like the idea of investing in a distressed market that will recover. But are the futures saying the recovery is a ways off?
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=1396&Itemid=53
I am danish. I have never heard of TORM where is it located in Denmark?
Next To WORM. Ha Ha
Cole Bene’ USA
TRMD’s charts (both candle and P&F) are………awful. This stock is “0 for 5” technically. You might want to try to pick up the dividend while waiting for a turn around.
But I think there are 3 other shippers whose charts are much better looking, have great yields in the mid-teens, and will perform much better when the sector turns. Look at CPLP, NMM and KSP. All three need to pull back because they are doing so well, even though the sector isn’t yet favored. The leaders will lead and the followers will lag.
Did anyone some great money on CIT or MEDX this week ?. Smart ass. Alearts Alearts and stocks websites, investor and relations email Alearts or press raleases. In the green, no options.
In the making
Hi Travis
I really enjoy your site, you have saved me a few times from being sucked in when I was starting out. Do you comment on these types of ads?
http://secret4trading.t35.com/
Thanks
Neil
in regard to shipping companies, i came across one that looks very very good…GENERAL MARITIME CORP-GMR….near it all time low of $6.40 at $7.78 and has a dividend yield of 25%……great floor with an excellent return even if the stock goes nowhere which i doubt it will stay this low….has had highs of $25 recently…has a record of always paying its dividend and the gross re venues over the past 5 qtrs have been somewhat consistent …. what does anyone think about this one?
As you know, I tend to follow shipping pretty closely…..
Rather than opine on any particular company…Let me draw your attention to the following article (You’ll
have to google it…I’m on a restrictive service right now):
www. newsmax.com
“Shipping Collapses as China Pulls Back” , by : Dan Weil