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More top-performing CAPS members are feeling bullish about Diana Shipping (NYSE: DSX): After being stuck at a four-star ranking for several months, the stock has recently been spending much more time at five-star status. A total of 2,143 members have given their opinion on Diana Shipping, with many of them offering analysis and commentary explaining the recent optimism.
Despite the rough financial seas pummeling dry bulk shippers, Diana Shipping bobbed and weaved its way through a turbulent market and remained profitable in its first quarter, even with a drop in charter rates charged to clients like BHP Billiton (NYSE: BHP). While it didn't pull off revenue increases like Paragon Shipping (Nasdaq: PRGN) or Excel Maritime Carriers (NYSE: EXM), Diana fared much better than the 59% fall that debt-laden DryShips (Nasdaq: DRYS) reported, and it topped earnings and revenue expectations.
CAPS members are bullish on Diana and expect it to not only survive the downturn but to benefit when the economy improves. One analyst with Dahlman Rose recently reiterated a positive outlook for dry bulk shippers like Diana, Navios Maritime (NYSE: NM), and Eagle Bulk Shipping (Nasdaq: EGLE) as a potential increase in Chinese and international steel demand could increase activity in the iron ore, coal, and freight markets. Meanwhile, Diana has increased its cash position to $104 million from $62 million in the previous quarter and works with minimal leverage, which puts it near the top of the buy list of bulk shippers for many investors.
To see what the very best CAPS analysts are saying now about Diana Shipping -- as well as other winning stocks they are picking -- head on over to CAPS and have a look. The community research and resources in CAPS are totally free, unlike analyst opinions reserved for paying clients.
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