DSX - Diana Shipping: Irrational Market Reaction Creates Nice Entry Opportunity
- Diana Shipping's earnings are smoother than those of its peers due to the defensive nature of its management.
- The proposed spin-off will enhance the value of the company removing three of its oldest vessels.
- The company recently signed a time charter at a significant premium to their TCE rate and with a duration of at least one year.
- DSX's share is currently trading at the 200-day moving average, thus it represents a nice entry opportunity.
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Diana Shipping: Irrational Market Reaction Creates Nice Entry Opportunity