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home / news releases / diana shipping s leveraged balance sheet and inferio

DSX - Diana Shipping's Leveraged Balance Sheet And Inferior Fleet Specifications Make It A Hold

Diana Shipping inc.

2024-04-02 05:48:15 ET

Summary

  • Demand for dry bulk transportation is expected to grow due to supply constraints and robust demand for commodities. So, dry bulk shipping stocks remain attractive.
  • Diana Shipping reported declining revenue and profits in FY23, although the company maintains adequate margins and ROE and distributes an attractive dividend.
  • On the other hand, DSX is not the best option to bet on a dry bulk theme, considering its leveraged balance sheet and declining revenue projections.
  • I give DSX stock a hold rating due to its inferior fleet specs and risk of dividend cuts.

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For further details see:

Diana Shipping's Leveraged Balance Sheet And Inferior Fleet Specifications Make It A Hold
Stock Information
Company Name: Diana Shipping inc.
Stock Symbol: DSX
Market: NYSE
Website: dianashippinginc.com
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