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Heading into port.
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Ahoy SLO Seafarers, May your holidays be filled with peace and happiness. After climbing to the highest highs and falling to the lowest lows, my portfolio has recovered roughly half the losses it sustained in the month of November. On Monday, 12/03, I made a few changes to Crow's Nest Portfolio of maritime shipping companies. These small changes will carry me thru to the end of the contest. Other than rebalancing, I added small (3%) positions of 4 more companies. Three of these companies have already been in the portfolio and blogged on: Danaos Corporation (DAC), Omega Navigation Enterprises, Inc. (ONAV), & Tidewater Inc. (TDW). The only new new company added is Hornbeck Offshore Services Inc. (HOS). Hornbeck provides offshore supply vessels (OSVs) to the offshore oil and gas exploration and production industry. It operates in two segments, OSV and Tug and Tank Barge. It's very similar to Tidewater. All the companies were selected based on strong fundamentals and just being good companies. Also, in the last ten days I've collected over $5,000 in dividends. Shipping stocks, on average, are excellent dividend payers. The sector average is about 5%. Tanker companies pay a higher dividend than drybulkers, container shippers, and others. The highest dividend payers in Crow's Nest portfolio are Aktieselskabet Dampskibsselskabet Torm (TRMD) at 13.8%, Omega Navigation Enterprises, Inc. (ONAV) at 11.8%, and Golar LNG Ltd. (GLNG) at 9.9%. On the low end is DryShips, Inc. (DRYS) at only 0.9%. Good luck to everyone. Robert
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Comments (5)
Ahoy Cabin Buoy SkowBoyBob,
Great.Blogs...Sticking.to.your.Gun(wales).is.a.lesson.for.us.all.
MAX.Stars.to.guide.your.SeaLane.Trade.Route.through.the.dark.Shoals.of.a.Sailors.Life.
I.am.a.shellback...I.am.a.ShellBack...I.am.a,.SHELLBACK,_SIR!!!!!!!!!!!!!!!!
Do.you.know.of.any.Shippers.that.would.be.a.PurePlay.or.have.a.large.position.in.Coal.Cargo.-i.e.-.the.Colliers?
The.reason.for.the.Period.Dots.is.that.I.just.violated.my.own.NO.Liquids.rule.and.spilled.a.bottle.of.Leinenkugel's.Honey.Weiss.on.my.keyboard.and.'Burnt'.out.my.SpaceBar.key....I'll.have.to.go.down.to.OfficeMax.smelling.like.a.BrewerySigh....It..won't.be.the.1st.time.&.not.the.last.,either,.I.Suppose..It's.the.peripatetic,perigrinatiious.Sailor's.Life.for.Me.Thar.She.BLOWS!!!!!!!!!!!!.Nantuckett.Sleigh.Santa.Claus.
DonF,erk
aka-VikingWarrior
Posted by don ferk | December 7, 2007 6:09 PM
Con grats on getting yer sea legs back. What goes up does adjust down. You have weather the storm and look to be headed for some pretty good rum and happier times.
I had a real or at least licensed broker say ---stay away stay clear of those high paying shippers , it never holds and sometimes they fold.
Did he ever hear of dragon and elephants ?????
I should have stuck with those picks that I found at on the bottom of my DuffBeer cans. You confirmed it and now are earning it .
Nice move SEEE BEEEEE
Cheers, DuffBeer ps warrior was drinking on the job
I did that with a tv once
Mrs Duff was not happy at all
Posted by duffbeer | December 8, 2007 5:47 PM
Hope the organizers will pick you or some one like you who knows a lot about a sector. Best of luck? As DuffBeer cries over his beer, how long these high dividends last. Would you put your retirement money in them. On a serious note, I am looking for high dividend paying stocks with principal as safe as MO or DEO.
Posted by gullapalli | December 10, 2007 5:18 PM
Great post. To the point and valuable insight. You ae the BEST blogger who brings a sector knowledge to this contest. You showed us the ocean and how to navigate, even with a beer or two in hand.
On a more serious note, could I invest in these high dividend paying companies. Will my principal be safe?
Posted by gullapalli | December 10, 2007 5:24 PM
You can crow all over the ocean and land too. Your love of seas and indepth knowledge about marine transportation is incredible. May profis sail into your port.
Happy New Year
Posted by gullapalli | December 30, 2007 7:36 AM