|$12.210||BULL on GLOBAL GROWTH||VALUE STOCKS & HIGH YIELD BONDS||Yes|
Huge capacity of extra ships coming online. All of these guys are loosing money. Good news is that every year ships get scrapped because they are not efficient. There are a record number of new ships being ordered. 2011 will turn out to be the bottom of the trough for them. Because of Iran, a lot of buyers of oil will have to buy oil by ship, which will be a net benefit for these guys.
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc