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The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels.
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Gedunken (30.16) Submitted: 3/15/08 12:01 AM : Start Price: $27.78 DSX Score: -13.64
DSX is a major buy below $25. Almost all of Diana Shipping's fleet are on time charters which guarantees a certain income from each ship. These contracts generally last for years and Diana has been very good about rolling over ships from one contract to another and even making arrangements for contracts for new ships while they are still being built.They aren't a speculator in the spot market like many other shipping companies and their long term contracts should enable them to weather even a significant downturn in the spot market rates. I have owed DSX for a while now both personally and on M*. I bought some more in their recent secondary offering and more today. Even with the recent earnings miss, I'm happy to take my 8%+ dividend from a company with good financials and steady, well defined earnings.
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pugwee (< 20) Submitted: 5/16/08 2:28 AM
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I agree around $25 Diana Shipping is a great buy, but I think it's a risky buy at $40. It has a recent history of dropping off quickly to the $25 range from $45. It's currently trading very close to $37 now. I do think this is more momentum investing because the BDI (Baltic Dry Index) is setting new highs and people are jumping on the band wagon. The drop can be swift and painful.When you look at the company itself, you can clearly see it's a very good stock to own, it can do wonders for your long term investing planning.
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idchucky (< 20) Submitted: 5/16/08 9:52 AM
Love DSX strong mover, strong stock, was down below 20 during the sub prime crisis yet is rebounding and showing double profit gain compared to same time last year.52 week high is over 44 pts look for DSX go over that to even over 55 pts may even reach into the 60s pts, Look for DSX become a main competitor to Trasocean.
idchucky (< 20) Submitted: 5/16/08 10:01 AM
MauiA1 (< 20) Submitted: 5/19/08 1:49 AM
DSX is on fire as are the other dry shippers. To give our DSX fans some idea where their stock price may go I compared the P/E of DSX last October when the price was $39 as it is now. The P/E multiple was 25.88 then and it is currently 16.20. Putting the same 25.88 P/E on DSX today would give it a valuation of $62 per share! I think this stock goes much higher. Lazard has a PT of $49. That would be great, but I think that it's way too low. DSX is subject to some volitility but is destined for the 50's and possibly even the 60's. Take your profits and watch the Baltic Dry Index...it will tank in late fall so get out before it does.
awallejr (< 20) Submitted: 5/28/08 12:55 AM
Just curious, why do you think the Baltic rates will tank late fall? For technical analysis the rates are about 2k higher than 200 day moving average (which seems to have some technical importance for some reason), I really don't see a "crash" here from an international perspective.
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