Stocks that Float: TANKERS & DRY BULK SHIPPERS

[xanadu90]

Willahby. Now I found your mailbox and hope you get this message.

Good Morning Willahby. I hope you read this board and get my message this time. I cannot send you a PM, because I am not a paying member of IHub. Last time I answered your message I sent it to a board, which I saw you had visited last (can't remember the board), but the message got deleted - don't know why, and don't know if you saw it.

I remember you asked about the dry bulk shipper Golden Ocean, which is listed in grey sheets (GDOCF.PK $7.70) in USA. Trading grey sheets is troublesome - you can't see the orderbook levels. But you can call a broker and give them your price limit you want to buy or sell. They should know the last bid and ask, but you can check the last prices it was traded in Oslo (GOGL) e.g. here (15 min delayed courses):

http://www.hegnar.no/netfonds/aksjekurser/

I like the management and the dividend policy of GDOCF.

There are other young shipping companies too, which can very well grow in current development of world trade. Look at post #159 in this board, there is some information about dry bulker FREE $7.99. They got their recent second stock offering sold very quickly, which is a good sign.

Another low priced shipper is TOP Tankers (TOPT $5.96), who has tanker vessels and bought bulkers lately. They will get the bulkers only in the first quarter of 2008, when the ships begin to earn them money.

DRYS $108.00 has a very low O/S and float, and is therefore very volatile. But is an excellent drybulk shipper. And so is DSX, too. Start with small buys, and add little by little. I guess you have many years to collect a good bunch of shares, which will some day give you a very nice sum in dividends :)

Look at the Tanker-list in the Ibox of this board. Stock Lobster is updating the list almost daily. The earning season is beginning now, so follow the news sites (Yahoo for example) and this board to get information about the companies you are interested in. Good dividend payers are worth to follow!

Xanadu