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Varchild2008 (84.15)

The 2010 OMG! stock of the year?



January 06, 2010 – Comments (3) | RELATED TICKERS: EGLE

DISCLOSURE:  Varchild2008 is a moron and furthermore has done ZERO ZIP NADA research on the following stock.... So don't listen to Varchild2008 no matter what his opinion is... As that's not the point... the point is for YOU to do the research and see if you come to the same or different conclusion....


Eagle Bulk Shipping EGLE  <-----  Buy this ahead of Jobs Numbers on Friday.

Why?  What makes me drool at this stock? 

A:  Trades at 6.5 P/E  

B:  They recently took possession of their 27th vessel which is under their control in a profit sharing contract for 10 years with a $18,885 approx.  rate good through 2015.

Me thinks NOW is the time to gobble up Dry Bulk Shipping Sector Stocks.

Steel prices and commodities on the rise means big big big big sales for dry bulk... of course I know nothing about Dry Bulk.... I.E. I am a moron afterall..

But heck.. if you know something about the industry and the commodity inflation situation and so on.... then take a gander at this sector and if it is not in your portfolio and you think it should be then pick a Dry Bulk Stock today while they are still cheap!

3 Comments – Post Your Own

#1) On January 06, 2010 at 5:13 PM, chk999 (99.96) wrote:

The problem with dry bulk is that a lot of new hulls are being delivered in the next year or so. So any company that doesn't have lease rates locked in will probably be punished as day rates fall.

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#2) On January 06, 2010 at 10:48 PM, Varchild2008 (84.15) wrote:

Eagle's got their new vessel last month + locked in rates to 2015 for the boat.  So... That bit of feedback you shared with me makes me even more interested in EGLE.

Unfortuantely, I can't really make a Stock Market move on a Stock any earlier than next week.  :-\    Jobs Numbers could be surprisingly good and push EGLE from "extremely good opportunity" to "fairly valued" in quick fashion before I get the money together.


Which is I why I shared the stock.... I don't think I can benefit should EGLE in fact be a great stock pick.... but maybe someone else should take a look...

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#3) On January 14, 2010 at 10:38 AM, SCCC2008 (< 20) wrote:

The entire sector is due for a big jump. The Dry Bulk shippers clearly missed the rally from 2009 and many didnt even move up after the Baltic Dry Index shot past 4000. A large pop in share prices across the board will happen this year I am certain.

I know that there has been considerable caution due to the new tonnage being brought in to the industry however, this has already been reflected in the current share prices and many orders have been postponed or cancelled.

Great pick indeed, Im looking at expanding my holding a few hundred shares in this stock.

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