Has every ship run aground? Have all the oceans frozen over? You might think so if you’ve followed the dramatic tumble of the Baltic Dry Index. The index tracks the price to ship dry goods--everything from corn to cement--and unless the world suddenly stops eating and building, the odds are this index is ripe for a stunning rebound ... that looks already underway. Today, we’re featuring an article from our friends at StreetAuthority. StreetAuthority Editor Amy Calistri explains why these shipping stocks have a bright future ahead of them while providing some monstrous yields--one shipper in particular paying a 23.2% yield.
February 10, 2009
· Cabot Editor