LOOK WHO SHOWED UP TO THE PARTY LATE

Off the EGLE numbers, boat stocks are ripping. I’ve always said “Fly, this is a sector you need exposure to–because when the tonnage gets scrapped, these suckers are going to be stealing from vendors like pirates in the 16th century.”

I only like boat stocks that are not at risk of imminent bankruptcy. I’ve done my homework on the sector and for my money, weighing risk versus reward, FRO is my top pick. DSX, however, is the easy, gentleman’s pick, with a pristine balance sheet and fancy men aboard its vessels.

FRO, on the other hand, are manned by pirates who shoot grape at fellow sea travelers and storm coastal towns for food and water.

This market has a toppy feeling to it. I am leaving my cash in cash for now. However, the boats and networkers look good to me now.

FFIV, JNPR, PANW, CIEN and FNSR can run on the CSCO beat.