DryShips Inc. (DRYS), Diana Shipping Inc. (DSX): Are We in a Dry-Shippers’ Bull Market?

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Navios Maritime Holdings Inc. (NYSE:NM) has two operating segments: shipping and logistics. Analysts have already begun to raise their profit estimates for 2014, currently at $0.11 EPS up from $0.01 a week ago. Expect that number to continue to rise dramatically. Navios Maritime Holdings Inc. (NYSE:NM) pays a $0.06 per share quarterly dividend and trades around 40% below its book value. It used to trade as high as $17 back in 2007.

Investors should pay close attention to the Baltic Dry Index which changes once a day, to see whether shipping rates suddenly change. If they continue to climb, it will be a positive game-changer for many shipping stocks’ fundamentals.

Diana Shipping Inc. (NYSE:DSX), which is my favorite of the group today, since it tends to be more focused on shipping iron ore than its peers. A return to higher shipping rates could also herald a return to this and other shippers’ previous strong financial performance.

The article Are We in a Dry-Shippers’ Bull Market? originally appeared on Fool.com is written by Nickey Friedman.

Nickey Friedman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 

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