There is much enthusiasm for shipping equities today compared to when I started this blog post in May 2020. Many were negative on shipping at that time, especially some industry experts. It is worthwhile looking again at the bleak predictions of BIMCO and other voices quoted in Tradewinds News regularly last year. You can also add the many experts on CNBC and Bloomberg who were pessimistic on international trade.
In early July 2020, I wrote a positive blog posting on Starbulk “SBLK,” relative to Facebook (“FB”). If you bought a share of SBLK and FB on June 1, 2020 by the end of the month SBLK was up 31% while FB was down 4.31%. However, one month is not fair, so let’s look at June 1, 2020 to February 19, 2021. SBLK is up 154% to FB’s 12.8%. I am still waiting for the TradeWinds News headline, “Star Bulk blows away Facebook” for investors, or for BIMCO to say, “We got dry bulk completely wrong.”
I am not writing now to say the sexiest of words to an older male, “You were right.” Rather there was a big opportunity that was in front of all investors in May and June 2020. I used the excellent tools that Capital Link makes available to investors. I don’t have a crystal ball, but I do my homework with Capital Link. Instead of listening to the latest oracle, it is better to make your own informed judgments of risks and rewards. Listen carefully on March 2 and March 3 to the various speakers at the 15th Annual Capital Link Shipping Forum. You will likely be wealthier if you do, or at a minimum you will make better decisions.