Anybody know anything about shipping companies?
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Anybody know anything about shipping companies?
Posted by rickgrimes on 1/9 at 2:08 pm
TEU was recommended by some folks on here in the past for its high dividend. Are there any other shipping companies that have a high reward potential?



This post was edited on 1/9 at 5:02 pm

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Posted by b-rab2 on 1/9 at 2:39 pm to rickgrimes
TOO, NMM. Both high dividend Pretty stable


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Posted by ynlvr on 1/9 at 2:58 pm to rickgrimes
I don't claim to understand this industry but i rode the wave up on NM, TNK, TGP, TEU over the past month. But beware, they have troubled past. Not sure when to bail or if I should hang around to collect the dividends.


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Posted by rickgrimes on 1/9 at 4:59 pm to ynlvr
Why exactly do these companies pay such high dividends? What is their modus operandi?


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Posted by ynlvr on 1/9 at 5:47 pm to rickgrimes
I don't know the story. They do tend to pay hefty Divies. I entered playing an upside potential in a recovery. Thinking Shipping has to be a cyclical play. But the numbers are all over the map on these guys. TEU has huge profit margins, is selling at low P/E, and pays ultra high dividends.

It is a small cap player and I presume can move pretty fast. It has a small fleet and is a different game than the tankers - box containers vs petroleum products. I dunno. Keeping my ears open.



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Posted by LSUAlum2001 on 1/9 at 9:52 pm to rickgrimes
quote:

Why exactly do these companies pay such high dividends? What is their modus operandi?


Ridiculous profit margins.

Safe Bulkers (SB) has had a profit margin >50% for 3 years straight.




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Posted by ynlvr on 1/10 at 8:18 am to LSUAlum2001
True. Revenue and earnings Trends for the most part have been down, down, down for the sector since 2008 for obvious reasons, but I suspect a bottom may have been reached. If correct, it will be a nice ride up. Tempting enough to pull me in.

NMM is a General Partner play with high dividends, low debt, low P/E, high profit margins.



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Posted by GenesChin on 1/10 at 10:02 am to LSUAlum2001
I read that there is only expansion through purchasing new boats and shipping charters but profits are not high enough to buy new boats so it gets passed along to dividends. Then they do boat financing which just affects future earnings.


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Posted by rickgrimes on 1/10 at 1:38 pm to ynlvr
Dividends/Yields and today's prices of the companies mentioned in this thread:

TGP - 0.68/9.72% - $40.18
TOO - 0.51/7.44% - $27.54
NMM - 0.44/12.30% - $14.47
TEU - 0.22/16.03% - $5.47
NM - 0.06/6.35% - $3.74
SB - 0.05/4.83% - $4.12
TNK - 0.02/11.73% - $3.38


This post was edited on 1/10 at 3:53 pm

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Posted by LSUAlum2001 on 1/10 at 3:23 pm to rickgrimes
You should fix those dividend %.

TGP: 6.8%
TOO: 7.5%
NMM: 12.7%
TEU: 18.1%



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Posted by rickgrimes on 1/10 at 3:39 pm to LSUAlum2001
Done. I got the div and yield mixed up. I guess typing on my puny iPhone and switching between tabs is not a good excuse?

This post was edited on 1/10 at 3:54 pm

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