Benj GallanderEagle Bulk Shipping IncEGLESELLJun 25, 2012

Too risky despite paying a big dividend yield. Same goes with all the bulk shippers.

Unbelievable volatility in shippers and this is not for the faint of heart. 92% of all commodities are moved in ships. Thinks we are in the beginning of a long secular bull in this asset class. Beta is 2.15 which means it is twice as volatile as the S&P 500.

Yesterday was a very big day for shippers. Shippers are going to move first before commodities move. Very volatile so you have to have the stomach to own them. Expect there will be a slow move upwards. This one gained 51% yesterday. Good dividends.