Savvy Trades and Investments

[researcher59]

2017 was a solid year for the dry bulk shippers .... I think they'll continue to provide strong returns in 2018. The BDI (index of shipping rates) is currently in its seasonal swoon which may provide a buying opp if the stocks pullback, but so far they haven't. I plan to add shares if there's a substantial dip, but evidently others are also accumulating on weakness. I'm surprised by their resilience so far -

2017 returns -

 
 TKR    % Change    YE Price   Start Price 
  
 SB       181%       3.23         1.15 
 SBLK     120%       11.26        5.11 
 NMM      67%        2.36         1.41 
 SALT     47%        7.4          5.05 
 DSX      35%        4.07         3.02 
 ESEA     1%         1.702        1.69 
 SHIP     -10%       1.04         1.15 
 NM       -15%       1.2          1.41 
 EGLE     -23%       4.48         5.85 
  
 AVERAGE RETURN =            44.7%