Based on the aggregated intelligence of 170,000-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's business and see what CAPS investors are saying about the stock right now.
|Headquarters (founded)||Athens, Greece (1999)|
|Market Cap||$1 billion|
|Trailing-12-Month Revenue||$261.1 million|
Chairman/CEO Simeon Palios (since 2005)
CFO Andreas Michalopoulos (since 2006)
|Return on Equity (average, past 3 years)||18%|
|Cash/Debt||$311.2 million / $337.3 million|
Eagle Bulk Shipping
Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.
Last month , pbkirk tapped Diana as a tempting turnaround opportunity: "Shipping may well be in for a few years of hurt, but the global economy will recover, people will still need to get stuff from A to B. With it's relatively low debt, [Diana] looks well placed to survive and to grow at the expense of more leveraged competitors."
Diana's young dry-bulk fleet and rock-solid balance sheet continue to support its five-star CAPS status. In fact, Diana currently boasts a substantially lower debt-to-equity ratio (0.30) than DryShips (0.97), Navios (2.2), and Eagle Bulk (1.7), as well as Excel Maritime
This is basically as low as it has been in the last 52 weeks. ...
They are making money, and 2010 was better than 2009, in which they also made money.
Their total debt is only about .33% of their total equity, and their cash and near cash assets, as of 9-30-2010, was just about equal to their total debt. ...
I think this is best in class among the Dry Bulk shipping companies, at least balance sheet wise, even if they are a little too conservative sometimes.
You might want to consider a small position, and watch to add on dips. In the longer term, this will go back up from here.
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