Value Investing - Growing My Money Tree
Maybulk: Price and Dry Bulk index Divergence
A quick look at Maybulk's Stock Price, It is making a rebound from the low of RM1.73 at the beginning of June. Is this rebound sustainable?
Looking at the Dry Bulk Index below, the answer seems to point to NO. The index is very near to its all time low of 651 at the beginning of 2012. It will be a reminder that Maybulk's price was also near to its all time low then. Perhaps, the coming quarterly results might show some improvement YoY, but I doubt QoQ will see drastic improvement on its core Dry Bulk business.
Looking at the Dry Bulk Index below, the answer seems to point to NO. The index is very near to its all time low of 651 at the beginning of 2012. It will be a reminder that Maybulk's price was also near to its all time low then. Perhaps, the coming quarterly results might show some improvement YoY, but I doubt QoQ will see drastic improvement on its core Dry Bulk business.
Note: I am a share owner of Maybulk.
Happy Investing !
(For more company articles please visit: Company Analysis)
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