I thought the conference call was very positive. Management handles themselves very well. They come across as very honest, with a lot of integrity and a strong grip on their business. Their numbers are excellent when you consider the backdrop. I believe the problem now is that they are beginning to look more like a regular dividend stock than the normal shipper that pays out the majority of their earnings in dividends and is valued based on the yield rather than the PE ratio. The company is wisely retaining enough cash to meet future new build commitments without tapping the credit markets. This likely means there will be no dividend increase for quite awhile. That might be a negative to many investors in this sector who care more about yield than PE ratios. The positive side to this is that the company will just keep getting stronger and earnings should benefit.

For the stock price to rise in the short term the yield has to go down and the yield on this shipper is already lower than most. Will investors look further out into the future and accept a much lower yield in the short term realizing they are getting an incredible value based on actual earnings? Getting the focus more on normal stock metrics rather than dividend yields is the only way the stock price can rise if dividends aren't not going up any time soon. This stock screams "buy" based on fundamentals.