Diana Shipping, Inc. (NYSE:DSX)
CAPS Rating:
The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels.
The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels.
Recs
Closed and reopened to more accurately reflect my starting price, but it took way too long to close out, so it ended up higher than my actual start price of $6.97, but much closer than the $7.44 that was showing.
I still have only about 75% of what I want my longer term position to be, so will watch for opportunities to add on the next "market panic" dip, to complete it.
Yes, their revenue and earnings were down, but they still made a profit, and in the longer term will make a much higher one.
They have a strong balance sheet, and will continue to grow, while many others will get weaker, and will be one of the survivors, when and if the "world stops coming to an end".
JMO and worth exactly what I am charging for it.