HANS getting CRUSHED. I had some calls this morning. i sold 3/4 of them for a gain, i'm left with 1/4 of them that will be worthless tomorrow, making me even on the trade. I wanted that lotto ticket though. like most lottos, i lost.
Buying HANS in the $20's will be nice though.
Somehow, people still want to buy ugly footwear, as CROX is up huge
.Wallstreet: You got the numbers wrong on CROX. They're still projecting over 1.50 this yr which puts their PE under 8.
Crocs, Inc. (CROX) posted earnings of 9 cents per share, vs. 31 cents a year ago, as profit margin narrowed but revenue still rose 40%. Crocs says it still expects earnings of $1.54 to $1.64 per share this year.
You see, Charles H. Dow wrote a series of Wall Street Journal editorials from 1900 until 1902 that outlined the metrics of Dow Theory. During this time (which was over 100 years ago!) the transport sector in the United States was one of the most powerful sector groups in the entire world. But now, as the global economy has become more important than ever, I believe that the “new” Dow Transportation index should be The Baltic Dry Index (BDI).
The Baltic Dry Index, also known as the "Dry Bulk Index," is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. Any changes in the Baltic Dry Index offer investors like us important insight into the global supply and demand trends, and these changes have proven to be leading indicators of future economic growth.
So here’s the upshot…
Given the strength of the Dow Transports, combined with my view that the Baltic Dry Index is now the superior global transport indicator, I’d like to offer you two powerful small-cap investments that will fully capitalize any continued strength in this powerful sector.
The first company is called OceanFreight (OCNF:NASDAQ). Founded in 2006 and based in Athens, Greece, OceanFreight owns a fleet of 11 vessels that engage in the marine transportation of dry-bulk and crude-oil cargoes.
The second company is called Star Bulk Carriers (SBLK:NASDAQ). Incorporated in 2006 and also headquartered in Athens, Star Bulk Carriers owns a fleet consisting of nine dry-bulk carriers which transport iron ore, coal, grain, steel, cement, and fertilizer.
As you can see from each chart, both of these small-cap shipping stocks have been recovering very nicely, and I fully expect them to pick up steam as the economy recovers. Not only that, but OCNF and SLBK both have attractive forward annual dividend yields -- 13.40% and 11.10%, respectively. This sure beats a 4% CD at a subprime-leveraged bank!
Established in 1995,
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