Dec. 19 at 8:42 AM
$ECO $HAFN $SFL $ASC
Shipping stocks are almost investable now. Going the way of the fossils energy companies. Even though the regulations mandated all the new climate, saving engines, andthe industry followed along like a bunch of penguins .
They’re not helping themselves by issuing shares every time the market gets good and buying more ships. Then they buy back the shares instead of keeping up solid dividends.
The leaders of a lot of these companies just don’t have their eye on them ball.
It’s a sector that’s just about done itself in.
I sold a lot in the last couple days. I’ve been selling all month, then buying the dips but then forced to sell again . I don’t think there’s a harder industry in the entire market . Been dealing in shipping for over 40 years. You have to be such a savvy trader to do well that it’s almost not worth trying. Not anymore.
