Stockchase Opinions

Kevin O'LearySafe Bulkers Inc.SBBUYNov 04, 2008

You don't want to allow more than 5% of shipping stocks in your portfolio. Large dividends are tempting but these stocks are very volatile.
$7.57

Stock price when the opinion was issued

$6.62

As of Jun 01, 2026. Market Open.

Transportation
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COMMENT

The Bulk Dry Index has come around not too badly. Indicators had been pointing him to stronger global growth, which he is happy with. However, he has moderated the developed nation part of that, so transports get moderated as well. He would be a little more cautious at this point, because in the moderations there are more reductions rather than hikes in global growth estimates.