+ Watch DCIX
on My Watchlist
The Bad: Don't expect the dividend yield to last. A $1.20 dividend is not sustainable with earnings of $0.22. Additionally, at least one recent article anticipates decline in demand for container ships in the near future. The Good: The quick and current ratios look good. The stock is trading below book. Debt does not exceed equity. ~20% dividend yield.
Priced below book. 23% yield is unsustainable but even after a 2/3 cut it will be a nice yield.
This is a weird situation, this is a simbiaotic stiuation with Diana, they seem to be keeping this dividend. This is just to good to pas up.
Positive: - Dividend - Below tangible book value Negative: - Slowing business - Cyclical business - Q4 was a big miss Category: YEOTn
Under valued sector, extremely high dividend yield
This is an overlooked stock with a 20% dividend. I am a bit pessimistic as to the future of the dividend though, but even 10% is great. P/E is pretty good with <20. Diana is a strong shipping company and will survive.
on 8-1812 Teacherman1 picked DCIX
greek crisis world recession
Teacherman1 has been strongly supporting this company for a long time. As he has said, it has a great balance sheet. The profit margin is over 10% and there is a robust $0.15 quarterly dividend. The management is shared with Diana Shipping, another company I'm bullish on, and management would not likely have spun-off an unsuccessful company. I like the acquisitions of new containerships and the prospects long term. What motivated me to put real money into this company is their continuing acquisition of new vessels, which will be essential long term. Unfortunately, the market missed the memo today that DCIX made $1.3 M in income over a $15.6 thousand lost last fourth quarter and made $3.6 M in income this year, compared to -$2.0 M two years ago. Revenue year to year went from $5.7M to $27M. The future looks bright if Diana Containerships can do this in a still slow/recovering global economy and shipping market.
I think this stock may be under the radar.They were a spinoff company to begin with conservative leadership.Currently, dividend was .03 then .15 per share. I think the .15 is more reflective of future dividends rates.It will be interesting to see what they report this week in earnings. Last earnings report was with 5 ships in inventory with high usage. Recently the company has purchased 4 additional ships with long term lease agreements (2 to 3 years) already in place around $25,000 a day. Should boost revenue significantly next few quarters, but will wait and see on profit margin.They were in cash good position to buy profitable ships from struggling companies.
Trading far below book value. Giving a dividend. This one is a no-brainer.P-Worm
Could be time to put some real money in - DCIX is now selling below liquidation value (assuming a 50% markdown from balance statement values on ships), despite turning a profit last quarter. I suspect this stock has been suffering from a) being dumped by individual investors who got it in the spin-off and b) being too small for institutions to bother with.
Containerships are steaming at slow speed to offset higher bunker prices. Yet, world ocean trade is booming again. This is a good place to start testing the charter markets for container ships.
Owned shares of DSX - will track the spinoff now as well for this conservatively managed shipper.
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