Stockchase Opinions

Som Seif Guggenheim Shipping E.T.F. SEA-N WAIT Sep 22, 2008

(Market Call Minute.) Will benefit from increase in exporting from broader emerging countries. Until he economies settle down, he would hold off.
$21.850

Stock price when the opinion was issued

E.T.F.'s
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COMMENT
Doesn't have enough trading volume for him. He needs liquidity. Prefers to own the shipping names themselves.
COMMENT
There has been a substantial rise in the freight in the Baltic Dry Index. Not an accurate indicator as it is dry goods. A leveraged play on world trade.
BUY
Storage type of area in technology. Earnings are starting to turn around.
BUY
The shipping rates in US are at rock bottom prices. Will make money in the future.
BUY
The shipping rates in US are at rock bottom prices. Will make money n the future.
BUY

Global shipping is a niche sub-sector that has attracted a lot of attention. It is likely to see a lot more business unless protectionism south of the border comes to be. There is political risk. This isn’t pure shipping. It has a yield. The fee is 60 some basis points which is high. Go with this one if you think the sector can deliver.