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Author: Stargazers524 CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3880  
Subject: Britannia Bulk (DWT) disaster Date: 11/4/2008 3:25 PM
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Ouch! This hurts badly. Started buying at $8.98 after Cramer said that it was a good buy under $13.00 and he liked the dividends. The company looked good on the surface. Almost had a monopoly on ice breaker type shipping for the Baltic area.

Unfortunately the management has done everything wrong at the same time that commodities were crashing and the company is now facing bankruptcy. My $3,000 now worth $26. Now trading OTC as BBLKF.

And what happens now? This is my first experience with a totally crashed company. Do you just stick it in the bottom of the drawer and wait to see if something like a miracle happens?

Please someone tell me that they share my misery.
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