When This Article was Written in November 2016, BDI hit 1000,ran only $200 (from 800 to 1000), 1282 a/o today,(ran more than $600 past 40 days). http://www.dryships.com/pages/report.php
"Joshua Rodriguez is the owner and founder of CNA Finance. He is also a partner here at Modest Money. His analysis has been featured on Investing.com, Yahoo! Finance, Google Finance, Google News, and many others. To connect with Joshua, follow him on Twitter @CNAFinance.)"
That's a big plus for the whole sector but will be focusing on SINO global Shipping America:
Since November 2016 till March 2017:
1. SINO Beats Twice and EPS surges 1000% (from .01 to .11) , Return on Equity (%), from 5.32 to 46.75, respectively. holds No L.T Debt.
2. O/S, has changed by only 1.5m, from about 8m to 9.5m A/o today. but float decreased from about 2.75m to about 2.2m a/o today (the reasons are: 1.5m shares issued to 3 investors at 3.18( float unchanged) and another stake hit 2 weeks later).
3. Signed 3 agreements/contracts w/ 3 COSCO subsidiaries to build a bridge between China and the US ("SINO will receive a percentage of the total amount of each transportation fee for the arrangement of inland transportation services shipments into U.S. ports")
4. Completed the development of full-service logistics platform, and a website portal to seamlessly connect shipping customers with short-haul trucking transportation services throughout the U.S. accessible through the Company’s website.
China's largest integrated shipping company Cosco just provided a forecast for 2017 (last week):
*. In 2016, world economy has experienced deep adjustment, while international trade growth remained subdued. The international shipping market supply and demand remained unbalanced, while dry bulk shipping index and container freight rate index had hit a record low last year.
*. Looking ahead, Cosco Shipping International said that the global economic growth in 2017 is expected to be faster than that in 2016, which will provide a stronger support for the shipping demand.
by Combining all those factors (developments/earnings including a rare profit Margin/bdi, relationship with COSCO which give us the prospect of some remarkable earnings going forward), Since November 16th, 2016, Josh Rodriguez would have definitely justified November 2016 PPS( $14.2) imo
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
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