Helping You Find Relative Strength Dry Bulk
For as long as I've been writing about dry bulk stocks here at The Motley Fool, I have consistently heralded Diana Shipping (DSX) as the best in her class, and added Navios Maritime (NM) and Genco (GNK) as bastions of relative strength within a severely impaired industry. I have consistently expressed concern for both Eagle Bulk Shipping (EGLE) and Excel Maritime Carriers (EXM) on the basis of their oversized debt burdens and more aggressively counter-cyclical growth initiatives, and I have never ceased in trying to warn investors away from DryShips (DRYS) as a speculative play unfit for the risk-averse portfolio.
I have taken my share of flack over the past couple of years from fans of DRYS or other lesser names in the sector for not painting them in a better light.
At this key juncture for the sector, where renewed credit woes in Europe and the U.S. are set to collide with persistent commodity demand from Pan-Asia, I thought I'd take a moment to see how my calls have fared thus far.
As it turns out ... not so bad. :)
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