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No. of Recommendations: 6
Hi,
End of the month which means it's Dry Bulk time.
My portfolio hate the way the month ended, but that's the
market- unpredictable.



	30-Apr	31-May	29-Jun	31-Jul
BHO* 18.34 17.58 17.95 17.74
DSX 20.25 22.79 22.40 28.05
DRYS 35.38 41.10 43.38 57.32
EXM 22.64 23.69 25.18 38.80
EGLE 22.52 22.28 22.41 26.32
FREE* 4.90 6.00 7.55 8.59
GNK 35.76 38.06 41.26 56.33
NM 8.75 10.50 12.08 13.05
OCNF 19.35 20.70 19.30 23.89
OSG 70.80 79.55 81.40 77.59
QMAR 16.13 15.63 15.82 17.93
TBSI* 15.97 22.28 28.40 38.37
ESEA 11.40 13.35 14.26 14.76


* Zero dividend or no recent dividend


- I thought this sector would not top the performance
of June, and just to make me eat my words, it did.
This was not just topping the previous month,
Incredible!
...
Really incredible! ...
QMAR - up 13+%
EGLE - up 17+%
OCNF - up 23+%
DSX - up 25+%
DRYS - up 32+%
TBSI - up 35+%
GNK - up 36+%

and ...


Drum roll please!

...

EXM - up 54% !!!


- Someone suggested that OCNF would start a dividend, and
yes, it happened...39c/qtr for a partial quarter
http://biz.yahoo.com/iw/070725/0282486.html

- EGLE is spending $1.1 Billion to acquire 26 additional Supramax vessels
http://www.reuters.com/article/marketsNews/idUKBNG23574620070725?rpc=44

- EXM is acquiring 2 additional Supramax vessels
http://biz.yahoo.com/ap/070719/excel_maritime_carriers_acquisition.html?.v=1

- EXM also filed a mixed shelf to raise $500M. You think they want more ships? :)
http://www.reuters.com/article/marketsNews/idUKWNAS840920070727?rpc=44

- What's with the $1.1 Billion spending? GNK's spending the amount too, and acquiring 9 Cape size vessels
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b8DFF7A9D-EADA-497C-92AE-CC5EC469FF0A%7d&siteid=yhoo&dist=yhoo

Enjoy!
Hohum
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