Poetic Portfolios

After my recent post on Diana Shipping, I received an email asking me to look at Paragon Shipping. I have to say that I’m impressed.
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When I took a look at the Against the Sky Portfolio at the end of last quarter, I noted that I was going to be targeting stable large cap companies. I’ve spent some time taking a close look at some core portfolio stocks. I’ve added most of these to the portfolio during the quarter. Below is a summary of these companies as well as my investment thesis for each. (more…)

There’s an interesting article by H. J. Honeycutt at SeekingAlpha on Winthrop Realty Trust, which owns a few million shares of Lexington Realty Trust (LXP). The company makes me a little nervous because they dabble in many different areas. This requires a good deal of trust from their investors. Despite this, valuing their real estate portfolio at market raises their true book value to about $20 per share. On a market pull back, it may be worth adding some shares.

I’ve had Diana Shipping (DSX) on my radar for a while. I’m taking a closer look today after they announced fourth quarter earnings. The company reported net income for the year of $121 million, and they have a market cap of about $1.1 billion. One could argue that they are at the depths of the market for shipping, and the company is priced at 9x earnings. (more…)