The Speculative Stocks....
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The Speculative Stocks....
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11-25-2021, 09:59 AM
Agree with your read, I'm a little more optimistic perhaps, and I like the chart pattern.
Runup, pullback, higher high and higher pullback. Off we go! On Monday. HAPPY THANKSGIVING TO ALL
11-25-2021, 10:27 AM
(11-25-2021, 09:59 AM)NilesMike Wrote: Agree with your read, I'm a little more optimistic perhaps, and I like the chart pattern.I'm optimistic in the short-term. Did you read the earnings call? Anything in particular you like about the near future fundamentals or is it just the chart? I always look at these skeptically and it keeps my FOMO in check. This will drop like a rock when freight charges crash in a few months if they don't hedge further. I like their current hedges for some protection.
11-25-2021, 11:18 AM
(11-25-2021, 10:27 AM)fenders53 Wrote:I did read the earnings call, personally I put less weight on my reading of those due to my incompetence in analyzing them-LOL(11-25-2021, 09:59 AM)NilesMike Wrote: Agree with your read, I'm a little more optimistic perhaps, and I like the chart pattern.I'm optimistic in the short-term. Did you read the earnings call? Anything in particular you like about the near future fundamentals or is it just the chart? I always look at these skeptically and it keeps my FOMO in check. This will drop like a rock when freight charges crash in a few months if they don't hedge further. I like their current hedges for some protection. Chart, I love. looks like solid support around 17-18. One dividend will be >5% return. I'd like to get in and just run a covered call setup on it but the options look a bit thin IMO. They seem well position compared to others in their industry so I'll take a shot. Consensus of multiple sources seem to support the move. (but it ain't their $$-LOL)
11-25-2021, 11:32 AM
I don't know what consensus of multiple sources means unless you share it. I dig deeper to lessen the risk on stocks I never knew existed last week.
11-25-2021, 11:36 AM
(11-25-2021, 11:36 AM)NilesMike Wrote: https://money.cnn.com/quote/forecast/for...?symb=SBLKWhat were your thoughts on earnings call from management? Do you think the hedges are a good decision?
11-25-2021, 12:20 PM
(11-25-2021, 11:53 AM)fenders53 Wrote:(11-25-2021, 11:36 AM)NilesMike Wrote: https://money.cnn.com/quote/forecast/for...?symb=SBLKWhat were your thoughts on earnings call from management? Do you think the hedges are a good decision? Unsure of the hedges, like their control of OPEX and the 70%+ bookings going forward and by implication the dividend next Q could be near $2. Don't make me show the math, it made my head hurt a bit.
They hedged 40% of fleet through 2022 at 30K per day. Current rates are 38K and I believe they break even at 11K. I think normal rates are sub 20K so it seems reasonable.
Looks like blue skies for now but I will be protected at first sign of trend towards normalcy. I didn't look up historicals but I bet stock was under 10 for years. Oil shippers were up 400% then crashed last year with many bag holders. Supply chain issues will be solved far more gradually I would think. And yes the dividend swings wildly so $2 is possible for a quarter. It will be back to 25 cents eventually. |
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