BALT owns and operates 4 Supramax vessels, making more than $12,500 per day to do so.
If you look at the internals of the BDI, you will see consistency in both Handysize and Supramax rates, both to the upside. While capes have gone lower, over the past 30 days, both supras and handys have risen by more than 20%.
As far as I see it, the only risk to this trade is dilution. These greedy pirate bastards wants to raise capital in order to buy MOAR boats–because they know the trend. They understand the fact that overall vessel population is growing at a historically low 4% per annum and it’s only a matter of time before rates soar.
Having said that, I am merely talking my own book, so take it with a grain of salt.
Z posted great earnings. TRLA will trade higher, as a result.
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Levered to Supra: GLBS
Levered to Handy: FREE
are you going to hold ALJ through earnings?
mud slide 🙁
Complete shipper manipulation day by the big boys. Lots of earnings reports coming up and the big boys want to be in at lower prices.
Fly we have been horatio claw hammered on TRLA
So much for the YELP squeeze
cftc chair steps down… if ya didnt hear.
http://search.yahoo.com/r/_ylt=A0oG7h7NeXpShToA3shXNyoA;_ylu=X3oDMTEzaTg1dDdrBHNlYwNzcgRwb3MDMQRjb2xvA2FjMgR2dGlkA1ZJUDI5M18x/SIG=12hivndbf/EXP=1383787085/**http%3a//nypost.com/2013/11/05/cftcs-bart-chilton-to-step-down/
buy gold?
The Fly can’t hear us over the ROAR of the flames.
I was so much looking forward to BALT today, and of course AH. But now something tells me it smells like great earnings combined with secondary offering for those ships. damn! lets stick to plan and hope this goes well…
agreed. this smells like a secondary coming.
No secondary they just did one a month ago.