Don't Miss Out on this Floating Goldmine
Just a reminder to those who picked/invested in TEU (Boxships) to not overlook DCIX.
As I stated in a previous blog, this one is as good, and may be even better than TEU, especially right now because their shares have been beaten down.
They will not be paying as high a dividend as TEU, because they are more conservatively run, but their balance sheet is even stronger.
The writer of the Seeking Alpha article about TEU (which I linked to in my last blog), seems to have changed his mind about DCIX, which he "dismissed" in that article.
His new analysis appears to be very close to what I posted in my earlier blog about DCIX.
Here is a link to the "upgraded" Seeking Alpha article.
As always, do your own DD, but don't let the "grass grow under your feet".
When both of these companies report their Q3 earnings and dividends, it is likely that even in this "schitzo" market, they will both "shoot up".
Even if they were to stay where they are (an unlikely occurance in my opinion), they would both be extremely good dividend plays at their current prices.
JMO and worth exactly what I am charging for it.
p.s. PRGN and DSX may get an upside benefit from their stock ownership positions in these two containership companies, so you might want to take a small position in them while their prices are beaten down.