April 12th, 2011
Tags: DSX, GNK. I have written about two of my favourite dry bulk shippers, Diana Shipping (NYSE: DSX) and Genco Shipping (NYSE: GNK) here and here. The industry has been suffering due to an oversupply of ships, however according to forward freight agreements, which are arguably the most accurate assessment of the market’s current expectations about future shipping rates, demand resulting from Japanese rebuilding will soon absorb the excess supply.
Rates for panamaxes, the largest coal and iron-ore carriers to pass through . . .
→ Read More: Shipping rates forwards show expected 55% rise due to Japanese Rebuild (DSX, GNK)
April 11th, 2011
FrankVoisin.com has reached another milestone today, surpassing 400 subscribers for the first time!
It has been 50 days since we first hit 300, which was attained 46 days after we reached 200.
From this, some may say “the momentum is slowing!”, but to those naysayers I say “merely a statistical anomaly!”
Hopefully we’ll collect many more observations so as to be able to make predictions with a . . .
→ Read More: Four Hundred Subscribers!
April 11th, 2011
Tags: BILN, BVM, DTG, DWHA. Last week I reviewed Sharelock Holmes, the UK’s best fundamental stock screener. I searched for companies that meet these stringent criteria:
10 year Average ROE > 15% Leverage < 20% P/B < 1.2 P/E < 12
The results were:
Billington Holdings PLC (BILN): Billington Holdings plc is a United Kingdom-based holding company. The Company is engaged in the activity of provision of management services to its subsidiaries. The . . .
→ Read More: These Four UK Stocks Have High Returns, Low Debt, Low P/B (BILN, BVM, DTG, DWHA)
April 11th, 2011
From The New York Times’ Economix:
Shouldn’t the government raise the corporate tax rate to require corporations to contribute their “fair share” to deficit reduction and to enhance the progressivity of the tax system? The answer is no.
In today’s world of mobile capital, increasing the corporate tax rate would be a bad way to generate revenues for deficit reduction, a bad way to increase the progressivity of the tax code and a bad way to help American workers . . .
→ Read More: The Logic of Cutting Corporate Taxes
April 11th, 2011
Tags: IBM, KO, MSFT, WMT, XOM. … and the market said, “Let there be repurchases,” and there were repurchases. S&P saw that repurchases were good.
“Approximately, $299 billion was spent by S&P 500 companies on share repurchases last year which represents a whopping 117% increase over the $138 billion spent in 2009,” says Howard Silverblatt, Senior Index Analyst at S&P Indices.
…
On a sector basis, Silverblatt notes that the Information Technology sector continues to dominate the buyback market, though at a much smaller percentage than years past. . . .
→ Read More: Record increase in 2010 stock buybacks (MSFT, XOM, WMT)
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