The Baltic Dry Index fell over 91% from its peak. We had mentioned earlier in December that investors take a look at Dryships (DRYS). We re now recommended a basket of 5 shipping companies including Dryships.
Investors may pick any other 4. We like the distressed nature and we like basket approach.
Global trade will return. When the Baltic Dry spikes, these plays will be sure to rebound sharply.
As always we are not making recommendations for anyone, but outlining our personal investment decisions. We are not registered investments advisors and do not give investment advice.
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