2024-02-12 08:34:46 ET
Summary
- Diana Shipping is following a defensive approach by signing medium to long-term time charters, thus securing long-term return visibility.
- The company's dividend will probably be slashed, but still would present a nice dividend yield opportunity.
- The technical picture suggests a potential reversal in the share price, making it a good point of entry for investors.
- Given the above, I consider Diana Shipping stock to be a nice long investment candidate.
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The Strong Bull Case For Diana Shipping