Diana Containerships Inc (DCIX)

[RonnieD]

I bought today near the finish @ .41-.42

The stock is pummeled due to R/S abuse (not a big
R/S like junk penny stocks, but an adjustment)
so its valuation is all out of whack down here.
The parent DSX is taking care of DCIX. There's a loan
which is only a $5m fee... DCIX can pay it. They
have a good fleet. The whole sector is beat down but
shows signs of picking up again. Not so much on the
container bulk side but on the dirty bulk side.
That's fine because dirty will rise before box ships do.
The Teekay stocks TCK and TOO look good, as does the
sector generally at this discount, however DCIX
presents a near-term recovery possibility unlike the
others. Who knows if they can get it back over the $1.00
listing requirement in the next 180 days,
bulk shipping rates will have to improve,
but if rates rise, $1.00 is nothing. More likely it
can stabilize to .60+ and perhaps higher but with
bk nowhere to be considered and the Diana name,
this is still on institutional radars.
Reminds me of a few years ago when that joke stock
NEWL went on a massive tear after the R/S beat down.