Apparently, HC Wainwright rated it a buy on May 22nd with a price target of around $39. I can live with that.
The SA article is bunk. That's one reason I would never subscribe. Twitter is more useful if you want to follow the latest rankings from top analysts. Other than worrying about wars and the price of oil, etc. this guy focuses on the 99% payout ratio. Point is, the company's dividend policy is to pay out the bulk of earnings to shareholders as dividends, so the 99% payout is company policy. It is also a common policy among some other shipowers. Will the dividend vary and could it go lower? Of course it varies and of course it could go lower. One thing particularly striking is the mention that higher oil prices and the Panama Canal situation will increase operating costs for longer voyages and thus threaten earnings. The demand for the product is not changing so he doesn't get the fact that longer voyages translates into more ton-miles to carry the same amount of cargo which works to the benefit of the shipowner.