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04-01-2011, 10:08 AM
Hi MrEngineer,
Why is purchasing Mercator Lines almost equivalent to tracking the BDI? Perhaps you can explain to me since I am quite clueless on this?
Perhaps what I am asking is - how closely does the share price or intrinsic value of Mercator fluctuate with the BDI?
As for other bulk carrier companies out there (e.g. Courage Marine), is this also the case?
Why is purchasing Mercator Lines almost equivalent to tracking the BDI? Perhaps you can explain to me since I am quite clueless on this?
Perhaps what I am asking is - how closely does the share price or intrinsic value of Mercator fluctuate with the BDI?
As for other bulk carrier companies out there (e.g. Courage Marine), is this also the case?
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/