DRL is currently trading around $3 per share. It currently has $2.36 cash per share and a price to book of .48. Got guts?

 Moving funds today to DRL & GNV

GNV recently declared a dividend of $1.825, $0.25 in cash and the rest in stock. That's why the price dropped, stock dilution. I don't expect a repeat performance next quarter. They've got a -3.89 EPS and less than $0.80 cash per share right now. A Company that pay dividends when they've got no earnings and no capital and little cash?? Dumb business move.

Putting it on my watchlist.Thanks.

I'm going to check this out now

 Whats everyons take on OCNF?  Hasnt made much recovery since the march crash.  Will it climb back?

OCNF is part drybulk and part oil tankers. They're trading a little over their fair market value at $1.07 (they've got a lot of debt). The outlook for the oil tanker market in 2010 is good due to increasing China and India demands for oil, so expect to see high prices for gas in the US, and better shipping rates for oil tankers next year, plus many single hulled oil tankers are getting scrapped or converted to drybulk next year to meet federal regs. Otherwise, shipping rates are still in the toilet right now because there's too many ships and not enough demand for goods. If shipping rates go back up, OCNF will go up along with the rest of the shipping fleets.