Is the shipping sector returning to glory?
It’s been pretty dim for the shipping industry since 2009 and one sector that has lagged in the recovery epically shippers associated with the BDI. However, the recent rise in shipping rates has me scratching my head and wondering is this going to be a yoyo or something that will be trending higher. If the increase rates (hold or move higher) this could be great news going forward especially in 2014 when you’ll see the true results in quarterly earnings if the BDI continues its current path.
I personally haven’t been too crazy about investing in shippers as it’s too volatile for my liking. However, if this trend continues it could be hands down a money making opportunity and turn around stories for many pushing their stock prices higher.
That said; what’s your take on the shippers and what’s your favorite stock pick if you have any and why?
It’s been quite some time since I’ve blogged on the Fool, and many fools I followed have left for whatever reasons (some we know). Therefore, I’m not sure if I’ll get any feedback out of this question or not. But Hey!! It’s worth a shot to see…