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Entry comments: Bought this and have added to the position. Company has very little debt and mainly new ships with some ships being built. Recently entered into charter agreements which will net good profits for next 5 months or so. I think it will keep rising as long as Baltic Dry Index will rise. Aiming for $5.50

Entry comments: Bought this premarket after seeing that it was up 30% and on news that the company will receive $80mm plus $20mm a year guaranteed. Briefly reviewed financial statements from 2013-2016. Saw that this sum was more than 4x the annual earnings year after year and that it was more than enough to cover their existing debt. I should have waited and bought on the dip today but I got excited. Rookie mistake. Still see this going up though. Company now has capital and guaranteed income.

Entry comments: I analyzed several shipping companies prior to purchasing this one. Last week i made $32,000 on Drys using $13,000. Baltic Dry Index is rising and we are going into holiday season which will drive up shipping demand. This company is part of Scorpio Group. STNG is their Tanker fleet. SALT is bulkers (dry goods). SALT has very little debt on their books and an impressive fleet (new ships) with more ships being built right now. Long term potential here. Was over $100 at IPO.
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