Monday, March 8, 2010
An easy shipping play
At 2:57 am they put out this press release:
So far into the first quarter of 2010, at the time of this writing, we observe a spot suezmax tanker market which on average is well above the level of the fourth quarter of 2009. Based on the market so far in 2010 we therefore expect the dividend of the Company for the first quarter of 2010 to be substantially higher than the dividend for the fourth quarter of 2009, which was $0.25 per share.
The stock can go up 10% fairly easily and fairly quickly without making you sweat.
Posted by Palmoni at 5:59 PM