Diana Shipping, Inc. (DSX)

best dry bulker ever

I compared this company to 3 other shippers; NAT DRYS and GNK. To me this one looks like the best of the four. Decent cash to debt ratio. Good insider ownership (17% if I remember right). Good margins and a P/E under 10. It's a steal.

Mad Money - Cramer Pick

This is a quality company in a sector that has been brutally beaten. When the economy picks up shipping rates should return, maybe not to their previous highs, but they will be better. Also, if you listen in to an earnings call, the management is competent and knows how to position itself for the changing economy. The company has historically worked with low debt levels which I believe makes this company look even more attractive than a company like say DryShips (DRYS).

Balance sheet and upside growth is phenomenal.

Here I join the crowd.

Looks like one of the better run shipping companies based on balance sheet. This should be a plus as the economy recovers.

The company carriers little debt, shipping stocks have not come off their lows much, as the workl economy rebounds, Diana stock will return to the 30's.

I am looking forward to what this company will bring.

Will gain as economy recovers, low debt levels compared to peers.

This is one of the best run bulk shippers. Low debt, ROE exceeds 20% and profit margins above 60%. In terms of future earnings, the 2009 3rd qtr results will probably mark the low, with a steady recovery thereafter based on Chinese growth. Hopefully they will restart dividends soon as well.

Shipping Ind will bounce back once material sector booms

they are one of the best. if commodities are going to be the place to be this is a spinoff from commodities.

will be and underdog for now...really need to work on paying the debt off though...

This account tracks the fast-growing shakers and movers and some of the riskier stocks on my watch list.

The Baltic Dry Index has established a bottom. The only question is the pace of global recovery, when and not if. Select Bulk Shipping stocks will show 500% to 1,500%, returning to previous price levels.

Lots of cash, incredibly low debt for a dry bulk shipper. These companies tend to get massively leveraged and DSX is the only one I see with more cash than debt. Solid long-term contracts. Baltic Dry Index is way depressed and weighing on all shipping stocks, but this is not a dying industry, and it seems inevitable that materials shipping will pick up as the economy recovers. How long that will take is a mystery, but its going to happen at some point, and in the interim the stimulus packages in China and other Asian and European markets will continue to provide sustenance to the bottom-lines of these companies. Looking for $15-$16 by the end of the year unless we see a large correction in the market, with potential for a lot more upside in 2010.

If the turn-around is for real, then shipping will rise. Diana stands to benifit either way as they have very low debt (cut their dividend earlier this year to decrease it further). If the market turns sooner they have cash to aquire others and gain market share; if the turn comes later, they will be a survivor.

New shipping contract... Good news for Diana. Definitely time to start rallying