- The dry bulk carrier industry continues to delight investors with the promise of even better returns in the coming quarters.
- The recent 6% dip of EDRY seems to be unexplained and not justified by any public information.
- The company is stronger than ever financially, having high operating leverage to capitalize on the current high rates.
- However, this leverage also increases operational risks if the shipping euphoria ends ahead of time.
- The fundamental valuation of the company speaks of its attractiveness, so I recommend buying the recent dip and holding at least for the short- or medium-term.
For further details see:
EuroDry: Forgotten And Undervalued