I guess this message is focused mostly to brewer, but if other people own these stocks, please chime in. I have finally done a perusal of the shipping industry and have narrowed it down to several stocks. My problem now is what metrics do you use to qualify is this a good investment or bad. I'll bring up some key points I used:
# of ships, size of ships
Avg age of fleet
Dry bulk ship vs oil/liquids
Spot market vs charter - what % of each
how long are the charters
ttm utilization %
Dividend policy
After these basic characteristics, what of the financials did you focus on? And how did you come up with a FV for your stock EGLE?
My thought is to buy 4 or 5 stocks to capture the shipping industry and not just one part (like FRO being oil spot market and getting the wild dividend swings with it)
eyetri2
# of ships, size of ships
Avg age of fleet
Dry bulk ship vs oil/liquids
Spot market vs charter - what % of each
how long are the charters
ttm utilization %
Dividend policy
After these basic characteristics, what of the financials did you focus on? And how did you come up with a FV for your stock EGLE?
My thought is to buy 4 or 5 stocks to capture the shipping industry and not just one part (like FRO being oil spot market and getting the wild dividend swings with it)
eyetri2