Based on the aggregated intelligence of 130,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, dry bulk shipper Diana Shipping
With that in mind, let's take a closer look at Diana Shipping's business, and see what CAPS investors are saying about the stock right now.
Diana Shipping facts
Headquarters (founded) |
Athens, Greece (1999) |
Market Cap |
$929.3 million |
Industry |
Marine |
TTM Revenue |
$337.4 million |
Management |
Chairman/CEO Simeon Palios (since 2005) CFO Andreas Michalopoulos (since 2006) |
Return on Equity (average, last three years) |
23% |
Competitors |
Eagle Bulk Shipping
Navios Maritime
Genco Shipping & Trading |
CAPS members bullish on DSX also bullish on |
DryShips |
CAPS members bearish on DSX also bearish on |
Excel Maritime
Citigroup |
Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.
Over on CAPS, 97% of the 2,050 members who have rated Diana Shipping believe the stock will outperform the S&P 500 going forward. These bulls include schowlera and RenwayGlobal.
Last month, schowlera tapped Diana as a shipper well-positioned for the long haul:
Good company, appears to have solid management, [long-term contracts], and a young fleet of ships. Disappointed short term in the dividend cancellation but goods will continue to be transported throughout the world and if management is effective in what I believe their strategy is with hoarding cash, [Diana] will emerge a stronger company in the long term.
In a pitch from the following week, RenwayGlobal also applauded management's cash-preserving decision:
I think the dividend cut was a good move. There's a lot of waves being made in this industry, but I think [Diana] has strong enough management to keep them afloat. I'd look for struggling companies to sink for good, but hopefully with the dividend cut, [Diana] will be well poised to take them over at a good price. I wouldn't expect many takeovers by [Diana], but over the next couple years I'd expect one or two very well thought out acquisitions.
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