- Diana Shipping is a pure dry bulk company, operating mostly in the main bulk commodity market.
- The company leases its vessels exclusively on time charters of medium to long duration.
- Due to its conservative management, its earnings may lag those of companies operating in the spot market. Thus, 2022 earnings estimates provide a better sense of value.
- The company hasn't provided stellar returns in the past, but under the scope of favorable market conditions and the potential time lag in earnings, it could represent a nice risk/reward opportunity, especially for medium-term investors.
For further details see:
Diana Shipping: Aggressively Valued, Conservatively Run