EGLE - Eagle BulkShipping is up.
http://www.tradingipos.com/article?id=49
as far as these things go, this one looks fine....tough sector right now, this should price low enough to yield 14-15% initially, whether it does well or not really depends on bulk rates/shipping in general rebounding the back half of the year as they have in '03/'04. If were headed into a worldwide slowdown, than of course these kind of stocks will perform much like they did back 1/2 of '0, which wasn't pretty......I'm not smart enough to know which scenario plays out, which is why on any ipo I stop out on a break of pricing/re-evaluate. This one will be coming without any pricing/initial aftermarket enthusiasm unlike recent issues DRYS/DSX both of which hit when spot dry bulk rates were 30-50% higher.
will have LINC/ALLI up by this evening, plugging thru all 18 of this/next week's offerings.
blog has moved to here:
http://www.tradingipos.com/blog/index.php
fwiw moving the blog has nothing to do with typepad who offer a great service at a low price...Just felt the need to consolidate under one roof so to speak.
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