Stay away from dry bulk!
Briefly put, this is the warning from Deutsche Bank's shipping analysts in New York to investors who are even close to considering whether to buy shares in one or more listed dry bulk carriers. The current situation is far too serious for this, notes the bank, and the prospects for 2016 and 2017 are similarly terrible, also from a historical perspective. And this is regardless of the fact that dry bulk shares on Wall Street can currently be picked at junk prices as well as the fact that shipping analysts' recommendations not always hit the mark or may be too late in making certain calls.
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