Thread by @OriginalBraila

Top holdings for me:
1. $OET
2. #2020bulkers
3. eagleships.com
4. $TGB (Taseko)

New kid on the block is Eagle, small dry bulk ships.
Not all ECO but decent and it is really in the large ship segments ECO is most important. Top mgt without historical issues.

Besides its ECO share, most ships are also scrubber fitted. The company is making an absurd amount of money at current rates from Q3 it should be viewed as heavily spot and that means trading on something like P/E 1.3 as everything above 10k per day is Earnings on 53 vessels.

I am not saying these 32k per day will stay the coming year. But I am saying that so far they seem quite sticky and not so volatile. To some extent this is probably due to both being impacted but the same distortions as containers (without having that awful orderbook) +

+ stealing cargoes from the container sector. In other words, it is a bit of a covid trade but hopefully without the hangover container rates likely will face when covid distortions are gone, whenever that happens (news from Asia seems bad to me).
A contributing factor to..

numbers looking so good is our old friend timing. PE dumping shares has pushed $EGLE down a lot and it is dramatically cheaper than for example $GNK while being vastly superior historically on rates achieved.
Premium at a Big Discount.
Buying as much as I can every day basically

Small thing to know: Competing investors that usually pick up on extreme opportunities like this successfully are probably not doing that as they want options before beating the drums to followers. $EGLE apparently has no options I am told so we kind of are left alone with it.