If the economy comes back, Shipping should have some tailwind too in this market... no?
In the shipping industry, one I'd suggest is: DANAOS Corp.
Why?
Technically:
1/ refusing to descend below the 50DMA (around 4.5US$). It tried several times to rally, but was refused to do it, due to the economy & political uncertainty.
2/ Volume on the upside always higher.. See its attempt in September 2009.
Fundamentaly:
1/ Making money
2/ Market Cap well below its enterprise value, with a book value per share of 6+.
3/ I like the insiders ratio (80% ), and a low Institutionals ratio at 5% (which avoids to have too much manipulation "on the downside" for the stocks...).
General sentiment:
ALL depends the DRY BALTIC INDEX... & this all depends about the Economy recovery & Market sentiment...
I'd suggest to build up some position at these prices: 4.7, 4,6 & 4,5...
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