anyone following DSX & SFL??

[sealatte]

hey is anyone following greek shipping company Diana shipping.
its been going up and have good yield of 9.5%
SFL is spin off of another shipping FRO doing well.

noticed that they always dip after ex-div payout.. and bouce back up again..

DSX..they have few of their ship contracts coming due and they should be fetching higher price for new contracts...

any input appreciates..

[sealatte]

looks like they had good 3qtr..
up and .40 cents divident.. not bad.. at 9.5% yld...

price is moving up.. will sell after ex div date Nov22..
watch the price fall....
buy at dip......


Revenue grew 19 percent to $30.6 million from $25.8 million during the same period a year ago. Analysts expected revenue of $29.4 million.

Diana Shipping cited growth of its fleet, which was partly offset by lower charter rates.

The company also declared a quarterly dividend of 40 cents. The dividend is payable on or about Nov. 30 to shareholders of record on Nov. 22

[sealatte]

folks should have loaded up on shipping companies..
ready to move up again with another buy recommendation by jefferies



UPDATE 1-RESEARCH ALERT-Jefferies ups targets on bulk carriers
Tue Jul 17, 2007 8:16AM EDT
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July 17 (Reuters) - Jefferies & Co. raised the price targets on several shipping companies as it expects dry bulk shipping charter rates to remain strong through the first half of 2008.

The brokerage, in a research note, said demand for dry bulk commodities are expected to remain strong.

Jefferies maintained its "buy" rating on all the stocks.

Following are the companies the brokerage raised its price targets: Company name RIC Price target

New ($) Old ($) DryShips (DRYS.O: Quote, Profile, Research) 75 50 Diana Shipping (DSX.N: Quote, Profile, Research) 35 25 Eagle Bulk Shipping (EGLE.O: Quote, Profile, Research) 31 26 Genco Shipping & Trading (GNK.N: Quote, Profile, Research) 59 52 Excel Maritime Carriers (EXM.N: Quote, Profile, Research) 38 31 TBS International (TBSI.O: Quote, Profile, Research) 38 25 Quintana Maritime (QMAR.O: Quote, Profile, Research) 24 20 (Reporting by Bhaswati Mukhopadhyay in Bangalore)

[sealatte]

gotta love this one, keeps loading up the ship.

sea

[Bman409]

folks should have loaded up on shipping companies..
ready to move up again with another buy recommendation by jefferies



That entire sector is RED HOT but looking VERY overbought at the moment.. Take a look at DRYS.. up 68% in the past month... all of those stocks have been parabolic.. EXM, DSX, EGLE, QMAR.

I might be inclined to nibble at SEA or SSW... but I'd wait to let that sector consolidate a bit first.. Too much risk of buying a huge top.

[Bman409]

I'm actually shorting DSX here at $28.78.. just for a trade

that thing is WAY overbought

Wish me luck!

[Bman409]

I'm actually shorting DSX here at $28.78.. just for a trade

that thing is WAY overbought

Wish me luck!

So far so good.. its down to about $28.35 now

Came across this as well



Refining, shipping near cyclical peaks

By MarketWatch
Last Update: 8:44 AM ET Jul 19, 2007


BOSTON (MarketWatch) -- Paul Larson, editor of the Morningstar Stock Investor newsletter, said that the refining industry -- and to a slightly lesser extent the shipping industry -- have been "white hot," with companies about to report quarterly results that are "off the charts."

Rather than being a cause for celebration, however, Larson said that status is a reason for concern, noting that refining appears to be at a cyclical peak and shipping is not far behind. Larson said it may be time for investors to take their profits and move on.

With that in mind, Larson suggested investors might want to sell Western Refining (WNR) and Valero Energy (VLO ) , as well as Diana Shipping (DSX ) .
Meanwhile, Larson noted that some big, historically superior companies are good values right now, priced at a significant discount to their fair value. These stocks include Berkshire Hathaway B (BRKB ) and Procter & Gamble (PG) .

Larson's other recommendations during a radio interview with Chuck Jaffe, MarketWatch senior columnist, were to hold Canadian Natural Resources (CNQ) and to sell Caterpillar (CAT ) . In another interview, Charles Rotblut, senior market analyst for Zacks.com was bullish on eBay (EBAY ) , suggesting that the world's largest auction Web site is significantly undervalued and is headed for $42 per share -- a gain of more than 20% -- over the next six months. Rotblut noted that Zacks pegs the fair value on eBay, based on discounted future cash flow, at $50 per share. Check out eBay's latest earnings.

On the flip side, Rotblut was bearish on LeapFrog (LF ) , saying the educational toymaker is facing significant pressure and is headed to $7.25 in the next six months, which would represent a loss of more than 25% from current levels.

Listen to the highlights of Your Money with Chuck Jaffe
.
Jaffe's radio show features news and information relevant to all types of investors, from beginners to experts. It regularly features reviews of stocks and mutual funds suggested by MarketWatch readers; to request a stock or mutual fund for review, send your name, hometown and the ticker symbols that interest you to Chuck Jaffe.

http://www.marketwatch.com/news/story/refining-shipping-near-cyclical-peaks/story.aspx?guid=%7bD1ACAFB9-F840-459A-BBD5-D2068B4C6A23%7d&siteid=yhoof&print=true&dist=printTop

[sealatte]

So far so good.. its down to about $28.35 now

Came across this as well
DSX might drop down after running up high, but I am long term holder here..
love their dividend and setup repurchase of the shares from dividends.
I started when price was $10....
Before I owned FRO, which did very very well for me.

if it dips, will buy some shares again.

good luck on shorting.. hope u make some $$$ and buy shares..

sea

[Billionaire Boy]

Came across this as well

Ha I was just going to post this too. :mrgreen:

[Thierry Martin]

I like the chart for DSX

1575

1576

[sealatte]

So far so good.. its down to about $28.35 now

Came across this as well

hey Bman.. ouch... its moving up not down.. hope you cover your lost on shorthing this one.
My bet is it will pop above $30 this week.
DSX has solid growth with their locked charters on their ships...

sea

ps. oh.. I LOVE the Charts tooooooooooooooo

[Bman409]

hey Bman.. ouch... its moving up not down.. hope you cover your lost on shorthing this one.
My bet is it will pop above $30 this week.
DSX has solid growth with their locked charters on their ships...

sea

ps. oh.. I LOVE the Charts tooooooooooooooo

Nope.. still short on that one..... I'll cover if it goes to $30.00


I also added a short this morning in OCNF, at $23.95, in pre-market trading

[Bman409]

I'm actually shorting DSX here at $28.78.. just for a trade

that thing is WAY overbought

Wish me luck!

I just covered DSX at $12.75, about where I shorted it

I'm shorting OCNF instead, in the sector... A company with 3 ships..

DSX pays too strong of a dividend to stay short for very long


Adding to my short in OCNF.. I'm out of DSX

[Bman409]

I just covered DSX at $12.75, about where I shorted it


correction.. that was $28.75, just below where I shorted it


I WISH it was at $12.75! ;)

[sealatte]

correction.. that was $28.75, just below where I shorted it


I WISH it was at $12.75! ;)

well today was your day to short... compliments of DOW.. :?

still good long term holder..

sea

[Bman409]

well today was your day to short... compliments of DOW.. :?

still good long term holder..

sea


I think its a great stock with that big dividend.. It just went up too far, too fast over 40% in three months..

That's always a good sign that a top is in , in my experience

[Bman409]

I did some day trading in TBSI today, another one of these mania shipping stocks

Holy cow is that thing wild!! its like an internet stock.. high of the day was like $39.70, low of the day was $33.00!!


Wow

[Bman409]

entire Shipping sector has been TORPEDOED today

Wow

GNK, down 14%

DRYS, down 10%

DSX down 11%


Carnage.. total carnage!

[sealatte]

entire Shipping sector has been TORPEDOED today

Wow

GNK, down 14%

DRYS, down 10%

DSX down 11%


Carnage.. total carnage!
yah some report came out about the sector and as usual it if is not good, it sends the stock downward.
but last 2 days its heading back up.. i say will be $28 by friday...

sea

[sealatte]

nice rebound for last 2 days...
love to see $30 by end of the week???

sea

[sealatte]

Ex dividend date is Aug16t(record) and paying out on Aug 26th.
stock always goes down around ex-dividend date and will bounce back up again. look at the charts on all div ex dates.
this could be bargain price to get back in.
its been around $-22-24 last few days with up/down of the market.
might buy more shares to add for long term

For long term, revenue looks good with charter booking of their ships.

sea

[Bman409]

Ex dividend date is Aug16t(record) and paying out on Aug 26th.
stock always goes down around ex-dividend date and will bounce back up again. look at the charts on all div ex dates.
this could be bargain price to get back in.
its been around $-22-24 last few days with up/down of the market.
might buy more shares to add for long term

For long term, revenue looks good with charter booking of their ships.

sea



These Dry Bulk shippers sure came back after that big dip.....


EXM, DRYS, TBSI all hitting new highs


Recent IPO in the sector Paragon Shipping (PRGN) is setting up for a breakout over $16.00

should jump to $20, near term after that.

[sealatte]

another one of my favorites...
watch of another dip and buy and hold...
i almost sold this back in Aug when it went down to low $20's was ready to take 40% profit but i love this stock and stuck around.. look where it is $36

I see nice future with earnings due to rate lockin and demand for dry bulk shipping of raw materials, especial in Asian(china's growth and demand)

sealatte

sorry for the all the post.. i have been out for month.. catching up..

thx

[sealatte]

another great news for shareholders.
purchase of another Panama class ship which they lock in at $86K per day for next 12 months.. nice revenue.

Analyst are predicting high earning/share for 2008.
good stock to hold for long long long term..
you will do very well in Dividends....

if the market moves up, I see $50 in near future.. unless there is profit taking..

sea