The bad news just keeps pouring in for dry bulk owners, whether it is vessel arrests, dividend cuts or further sell-offs by weary investors.
And with some public dry bulk owners now trading near $1 per share or below in New York, even the buy-side investment analysts appear worn down by the market trough that seemingly will not end.
They are not exactly rushing to slap a “buy” rating on the stocks as being undervalued even at today’s seemingly bargain-bin levels.
Meanwhile,
