To get started on 2010 and get this blog restarted I thought I would recap the overall results for shipping stocks in 2009. Compared to the broad market, the performance of shipping stocks overall lagged significantly. However, If you managed to pick upsome shares in early March, you probably did really well.
For the year, on an equal dollar basis, the average share price gain for the 42 shipping stocks was 6.53%. Dividends tossed in another 2% putting the total gain at about 8.5%. For comparison, the DJIA was up 18l.8% for 2009 and the S&P 500 gained 23.5%. The list of shippers was evenly split between gainers and losers, 21 each. The shippers that continue to pay dividends performed significantly better with an average share price gain of 15.25% and the dividends paid by these companies added another 15% based on the share values at the beginning of 2009.
Also of note near the bottom of shipping stocks if former crowd favorite DryShips, which managed to lose 45% of its stock value in 2009.
2008 and 2009 brought a lot of changes to the shipping industry. Conservative players were able to enhance the value of their assets while the highly leveraged crowd mostly ended up highly diluted and still with large debt loads that must be serviced with ships earning lower rates.
My plans for this site in 2010 is to be mostly focused on stocks that pay dividends. That is my prime interest. I will be adding analysis of other high yield stocks into the mix.
2009 Results for Shipping Stocks
To get started on 2010 and get this blog restarted I thought I would recap the overall results for shipping stocks in 2009. Compared to the broad market, the performance of shipping stocks overall lagged significantly. However, If you managed to pick upsome shares in early March, you probably did really well.
For the year, on an equal dollar basis, the average share price gain for the 42 shipping stocks was 6.53%. Dividends tossed in another 2% putting the total gain at about 8.5%. For comparison, the DJIA was up 18l.8% for 2009 and the S&P 500 gained 23.5%. The list of shippers was evenly split between gainers and losers, 21 each. The shippers that continue to pay dividends performed significantly better with an average share price gain of 15.25% and the dividends paid by these companies added another 15% based on the share values at the beginning of 2009.
The top 3 shipping stocks were:
NMM also threw in over $1.60 per share in dividends on a share price that started the year at $7.14!
Here are the three bottom shipping stocks:
Also of note near the bottom of shipping stocks if former crowd favorite DryShips, which managed to lose 45% of its stock value in 2009.
2008 and 2009 brought a lot of changes to the shipping industry. Conservative players were able to enhance the value of their assets while the highly leveraged crowd mostly ended up highly diluted and still with large debt loads that must be serviced with ships earning lower rates.
My plans for this site in 2010 is to be mostly focused on stocks that pay dividends. That is my prime interest. I will be adding analysis of other high yield stocks into the mix.