Shipping Stocks Are Lonely Trades

As I was watching the Baltimore Orioles extract some 10th inning revenge last night I spent some time talking stocks and markets on the phone with some fellow value type investors.

In the midst of the discussion we got around to the shipping stocks. I confess that I am overly intrigued by these issues even though I have never really done well with them. It's one of those industries that seems to defy conventional wisdom with a highly-exaggerated boom-bust cycle. It seems to me that we are at the bottom of the bust. As the overcapacity finds its way into the scrap yards and global economic activity is at what is hopefully a trough, I have been nibbling....656 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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