Replies to post #550 on Eagle Bulk Shipping Inc (EGLE)

[mikembte2005]

Well if I had the cash I would get that many also. Like the long term value here and this pull back seems to give us another chance to get in.

[Jester_Vandalay]

No risk no reward, pull the trigger once you do the proper DD.

The Korean Shipping Industry is pushing for Government financial support via a Korea Shipping Guarantee fund worth about $46 billion dollars which should benefit both the Korean shipbuilders and shippers. Estimated timeframe 2014

This should help restore value to the Korean Line Corporation (KLC)and benefit EGLE shareholders. The other benefit is when shipbuilders back-log increases then the cost of newbuilds rise which should restore value of the EGLE shipping fleet.