Diana Shipping, Inc. (NYSE:DSX)

CAPS Rating: 4 out of 5

The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels.

Caps

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All Players

2,234 Outperform
60 Underperform
 

All-Star Players

194 Outperform
13 Underperform
 

Wall Street

14 Outperform
1 Underperform
 

Top DSX Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

rhallbick (95.45)
Submitted March 03, 2018

Dry bulk shipper with a current fleet of 50 vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax) with a weighted average age of 8.5 years. As with all shipping companies, was deeply affected by the 2008 boom and… More

BuffettJunior1 (98.46)
Submitted July 22, 2011

All of these shipping companies are value traps. They look cheap based on traditional valuation methods (P/E ratios, P/B, etc...). However, when you look at their cash flow we see something completely different. Companies like this are and always… More

DSX VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about DSX.

Recs

0
Member Avatar TMFReubenGBrewer (47.00) Submitted: 9/25/2018 8:08:11 AM : Outperform Start Price: $3.89 DSX Score: +3.18

Recovering dry bulk rates should help earnings get back into the black this year.

Recs

0
Member Avatar riegonla53 (< 20) Submitted: 6/29/2018 3:29:25 PM : Outperform Start Price: $4.04 DSX Score: -3.50

PPJ

Recs

1
Member Avatar rhallbick (95.45) Submitted: 3/3/2018 6:41:13 AM : Outperform Start Price: $3.89 DSX Score: -1.39

Dry bulk shipper with a current fleet of 50 vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax) with a weighted average age of 8.5 years. As with all shipping companies, was deeply affected by the 2008 boom and subsequent bust of shipping rates. Average rates hit a second and equally low bottom in early 2016. Since then lease rates have been moving higher and are now fluctuating within the historic "normal" range of 1000-2000 on the Baltic Dry Index (BDI).

Diana Shipping's vessels are normally chartered for time periods of 1-2 years, so rising current rates (or spot rates) take time to develop into higher revenue. Eleven out of their fifty vessels have recently been rechartered at higher rates; as much as 72% more.

On the ship supply side, the world's dry bulk fleet (>20,000 dwt) has grown from less to 7,000 vessels ten years ago to over 10,000 today. Worldwide in 2017, 430 vessels were built and delivered, while 204 were scrapped (2.3% fleet growth). The outlook for 2018 looks to be similar, with about 440 vessels expected to be completed.

On the demand side, 2018 world economic growth is expected to exceed 3%, with more than 6% growth in the eastern and southern Asian countries.

In mid-2017, Diana Shipping extended another $40 million to its 2010 spin-off, Diana Containerships. Diana Containerships used the money to settle a loan it had from the Royal Bank of Scotland. Diana Shipping now has $87 million lent out to Diana Containerships, and it is still questionable if Diana Containships can survive. Diana Shipping is also no stranger to very large non-cash impairment charges.

With the return to normal shipping rates (though still always cyclical), Diana Shipping can return to profitability by the end of 2018, and in that case, their stock will probably be valued in the $4.50 to $5.00 range.

Leaderboard

Find the members with the highest scoring picks in DSX.

Score Leader

Afropuffashion

Afropuffashion (< 20) Score: +369.26

The Score Leader is the player with the highest score across all their picks in DSX.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Afropuffashion < 20 3/5/2009 Underperform 5Y $11.91 -68.01% +301.25% +369.26 1 Comment
oldbe62 39.92 4/30/2009 Underperform 3W $15.65 -75.65% +215.11% +290.76 0 Comment
Theory1 < 20 11/19/2008 Underperform NS $7.88 -51.66% +237.88% +289.54 0 Comment
225Saint < 20 12/12/2008 Underperform 3W $10.57 -63.96% +225.24% +289.20 0 Comment
2XHelix < 20 12/30/2008 1/8/2009 Underperform 3M $11.94 -68.09% +218.97% +287.06 0 Comment
bmswbc 91.76 12/1/2008 Underperform 1Y $7.60 -49.87% +233.21% +283.08 0 Comment
Tphantom1 < 20 11/7/2008 Underperform 3M $13.35 -71.46% +209.29% +280.76 0 Comment
shivaaa < 20 7/22/2009 Underperform 1Y $14.33 -73.41% +190.33% +263.74 0 Comment
candidusone < 20 8/3/2009 Underperform 1Y $14.33 -73.41% +177.91% +251.32 1 Comment
SWOOPINGLOTUS < 20 9/14/2009 Underperform 1Y $13.67 -72.13% +163.94% +236.07 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackJimCramer 85.74 11/17/2014 Underperform 3W $7.82 -51.28% +35.17% +86.45 0 Comment
TrackStifel 90.87 7/30/2014 Outperform NS $9.69 -60.68% +39.77% -100.45 0 Comment
TrackJimCramer 85.74 3/15/2013 Outperform 3W $8.88 -11.94% +31.15% -43.09 11/17/2014 @ $7.82 0 Comment
TrackUltraLong < 20 10/3/2012 Outperform NS $6.62 -42.45% +90.36% -132.81 1 Comment
TrackPoisedTo < 20 3/2/2012 Outperform 5Y $9.25 -58.81% +100.70% -159.52 0 Comment
TrackJHoenig < 20 2/10/2012 Outperform 3W $8.91 -57.24% +105.60% -162.84 0 Comment
TrackBarclaysCap 89.29 10/21/2011 Underperform NS $7.86 +49.87% +57.92% +8.05 6/11/2014 @ $11.78 0 Comment
TrackJimCramer 85.74 12/22/2010 Underperform 3W $12.94 -31.38% +23.89% +55.27 3/15/2013 @ $8.88 0 Comment
TrackGoldmanSach 72.55 11/30/2010 Outperform 5Y $13.33 -19.80% +7.86% -27.67 6/13/2011 @ $10.69 1 Comment
TrackMorganKeeg 73.01 2/1/2010 Outperform NS $13.69 -39.74% +12.50% -52.24 8/5/2011 @ $8.25 0 Comment
TrackJimCramer 85.74 11/17/2009 Outperform 3W $17.17 -24.64% +12.97% -37.61 12/23/2010 @ $12.94 0 Comment
TrackDeutscheSec 84.30 10/2/2009 Outperform NS $13.07 -37.26% +86.84% -124.10 10/28/2014 @ $8.20 0 Comment
TrackDreman < 20 9/30/2009 Outperform NS $13.00 -70.69% +169.57% -240.26 0 Comment
TrackJimCramer 85.74 8/18/2009 Underperform 3W $13.04 +31.67% +12.11% -19.56 11/18/2009 @ $17.17 0 Comment
TrackCantorFitz 35.09 7/7/2009 Outperform NS $12.90 -70.47% +209.41% -279.88 0 Comment
TrackFBRCapitalM 85.79 5/28/2009 Outperform NS $16.63 -77.09% +208.57% -285.66 0 Comment
TrackJimCramer 85.74 5/20/2009 Outperform 3W $16.11 -19.06% +9.72% -28.78 8/18/2009 @ $13.04 0 Comment
TrackDahlmanRose < 20 5/19/2009 Outperform NS $16.21 -76.50% +206.13% -282.63 0 Comment
TrackWellsFargo 86.67 2/24/2009 Outperform NS $11.79 +10.35% +3.78% +6.57 3/20/2009 @ $13.01 0 Comment
TrackLazardCapit 77.20 1/9/2009 Outperform NS $14.97 -74.55% +208.40% -282.95 0 Comment
TrackBBTCapMkts 78.77 12/1/2008 Underperform NS $8.76 +59.47% -12.15% -71.62 2/20/2009 @ $13.97 0 Comment
TrackJPMorgan 86.91 11/20/2008 Outperform NS $7.71 +98.68% +48.27% +50.41 4/30/2010 @ $15.32 0 Comment
TrackOppenheimer 67.23 10/2/2008 Outperform NS $18.43 -79.33% +146.32% -225.66 0 Comment
TrackJimCramer 85.74 1/28/2008 Underperform 3W $20.33 -20.75% -33.07% -12.33 5/21/2009 @ $16.11 0 Comment
TrackCharlesPayn < 20 11/30/2007 Outperform 3M $29.46 -87.07% +94.69% -181.76 0 Comment
TrackJimCramer 85.74 10/17/2007 Outperform 3W $33.77 -27.65% -12.32% -15.33 1/29/2008 @ $24.43 0 Comment
TrackWIG 50.00 10/2/2007 Outperform 3Y $30.99 +22.46% -2.17% +24.63 10/19/2007 @ $37.95 0 Comment
TrackJohnKeeley < 20 9/30/2007 Outperform NS $23.24 -83.60% +89.69% -173.30 1 Comment
TrackBearStearns < 20 9/21/2007 Outperform NS $20.95 -62.92% -9.59% -53.33 4/17/2012 @ $7.77 0 Comment
TrackCreditSuiss 89.12 7/18/2007 Outperform NS $21.42 -82.22% +88.55% -170.77 0 Comment
TrackJefferies 82.23 7/17/2007 Outperform NS $20.87 -81.74% +87.69% -169.43 0 Comment
TrackLazardCapit 77.20 5/9/2007 Outperform NS $19.87 +49.19% -15.39% +64.58 7/30/2008 @ $29.64 0 Comment
TrackJPMorgan 86.91 5/9/2007 Outperform NS $19.28 +61.28% -14.72% +76.00 8/14/2008 @ $31.09 0 Comment
TrackWellsFargo 86.67 10/17/2006 Outperform NS $11.91 +23.81% -29.51% +53.31 10/30/2008 @ $14.74 0 Comment
TrackBBTCapMkts 78.77 10/5/2006 Outperform NS $10.36 -15.46% -35.77% +20.31 12/1/2008 @ $8.76 0 Comment
TrackJimCramer 85.74 8/22/2006 Underperform 3W $11.70 +194.56% +18.55% -176.02 10/17/2007 @ $34.46 0 Comment
TrackFortisBank < 20 8/9/2006 Outperform NS $9.40 +76.58% -16.41% +92.99 10/2/2008 @ $16.60 0 Comment

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