Trading Alert : Diana Shipping Short Squeeze

Jack A. Bass Managed Accounts are enjoying the shipping sector recovery – shorts are paying the price of our success.

DIANA SHIPPING INC(DSX:NYSE, US)

BuySell
12.48USDIncrease0.42(3.48%)Volume:
Above Average
As of 19 Sep 2013 at 10:08 AM EDT.

QUOTE DETAILS

Open 12.28 P/E Ratio (TTM) 109.1x
Last Bid/Size 12.47 / 8 EPS (TTM) 0.11
Last Ask/Size 12.48 / 3 Next Earnings 20 Nov 2013
Previous Close 12.06 Beta 1.42
Volume 340,200 Last Dividend
Average Volume 1,709,194 Dividend Yield 0.00%
Day High 12.50 Ex-Dividend Date
Day Low 12.22 Shares Outstanding 82.2M
52 Week High 13.24 # of Floating Shares 67.12071M
52 Week Low 6.45 Short Interest as % of Float 3.41%
chart

BALTIC DRY INDEX  New YTD 52 Week High


BDIY:IND

1,822.0082.00 4.71%

Herbalife And Carl Ichan ?

Friday night cocktails at the Carl Icahn Lab

Friday night cocktails at the Carl Icahn Lab (Photo credit: throgers)

HLF : NYSE : US$38.77

Herbalife was in the news yet again Friday after Carl Icahn said in a regulatory filing that he had increased his stake in the company to 14 million shares, or roughly 13% of the company’s outstanding shares.

After weeks of speculation over exactly what the famed corporate raider might be doing, Icahn spoke up and put himself on a collision course with William Ackman, a rival activist investor who called Herbalife a house of cards and said he sees the share price going to zero.

The two men famously tussled on cable television in late January when Icahn called Ackman a “major loser” and warned him of trouble ahead in the form of a major short squeeze. Icahn said he wants to meet with Herbalife’s management “regarding the business and strategic alternatives to enhance shareholder value, such as a recapitalization or a going-private transaction.”

The company said, “We welcome all parties who see the same value in Herbalife that we do.”

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