Why Safe Bulkers Stock Just Popped 12.5%
Ask and ye shall receive, shipping investors.
Dry bulk shipper Safe Bulkers (NYSE: SB) is up 12.5% as of 11:30 a.m. EDT Monday.
Last week, I commented that a remarkable rise in the share price of dry bulk shipping company Diana Shipping (NYSE: DSX) looked ill-advised in light of the recent steep drop in shipping prices for dry bulk cargo including coal, grain, iron ore, and similar ocean-going freight. It would be ill-advised, that is, unless "dry bulk shipping prices ... resume rising soon."
Source Fool.com
