InvestorsHub Logo
Followers 70
Posts 8647
Boards Moderated 1
Alias Born 04/01/2008

Re: warrenbuffetjr post# 312

Thursday, 07/22/2010 8:56:26 AM

Thursday, July 22, 2010 8:56:26 AM

Post# of 4109
the only problem i see with that rationalization is that SHIP does dry-bulk with Africa, they don't capitalize on the China trade, also the dry-bulk fleet is expanding at the fastest rate in history, tonnage doubling, and also demand from China is down and expected to stay down. So rates are expected to stay low because a new capesize ship hits the water every other day this year and next while the demand from China is staying low. So if you need your goods shipped, who would you use a old inefficient boat that will make the trip take a couple extra days, or a brand new ship, faster more efficient for the same price? were talking simple economics here.

HELLO
these are only my opinions.
not investment advice.
Thanks!
Please give me a Person Mark!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SHIP News