+ Watch BALT
on My Watchlist
Oct Earnings will be a slam dunk due to baltic dry index spike. BDI cyclic should be positive through 2014 and 2015.
spot prices for dry bulk are starting to improve as supply of ships is growing slower than demand
up 24.33% from Jan free fall .Three approaches can be used front door approaches invest in co.that rent ships ;buy and hold should have up side Back door involves offer shipping services invest in repairs it takes 2 yr to build a ship Intangable approach in securities indirectly measures firms and sells ships won.t be booked unless agreeent is made
Stock on the move. Great long term prospects and its surviving well for a newer company stuck in a Squall
It is oversold and ratings are buy. Div. yield is good, great. Price is low. Buy low, sell high! Duh
BALT is designed to take advantage of shortages of available ships. It will function effectively in the current environment but its greats profits will be seen when the global economy moves toward recovery. As the economy recovers this will be a dividend darling. BALT will also benefit by the number of ships expected to be removed from service in the next five years. With a questionable economy it is not likely that a lot of new ships will be built for a few years.
There is significant overcapacity in the dry bulk shipping sector, and the slow economy is making matters worse. BALT is one of the better positioned dry bulk shippers, newer ships, lower debt. When things do eventually turn, this company should show profitibility gains better than its peers. In the mean time, investors' patience will be tested, especially if the dividend gets cut. The dividend is almost unsustainably high at current profit levels. Don't expect a short term gain on this. The stock will move like one of its ships...
New kids on the shipping block, good dividend good value at 4.60 price.
There is no reason for this stock to be tanking as much as it is, except for the market jitters from dry bulk. This is a solid company that will perform well versus its competition. Picked from stock screener after some research.
After April, the DBI should recover. I will again close this around October.
Putting this on my long watchlist.
New ships, low price, almost no debt. This seems like a smart buy.
Dividend yield of ~6%, all ships are less than year old, debt is almost nonexistent (~$10M net debt after backing out cash from total debt). Already profitable and growing. Short term negative trend due to shipping oversupply but should play out fine in next 2-3 years. It is independent sub of GNK and leveraging their contacts and management experience without exposure to any of their debts.
Hoping this is rock bottom, and that BALT can bolt back over $14
What TMFBabo said. =)
Long in RL.(Though I started at a more attractive price.)
I'm following Fool bullishbabo's recommendation on this shipping company.
6 new ships wet my lips!
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