DCIX - Performance Shipping's Renewed Growth Ambitions Disappoint Investors
I have covered Performance Shipping (NASDAQ:DCIX) previously, so investors should view this as an update to my earlier articles on the company.
Back in 2018, Tuesday's fleet expansion announcement by small, Greece-based container carrier Performance Shipping would have likely caused excitement among investors, quickly attracting the momentum crowd this way as experienced many times in the past already.
But sentiment towards any kind of shipping stocks at this point is beyond ugly, to say the very last. Moreover, with Performance Shipping not exactly among the highest quality names, things look even worse.
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