Cramer Says Buy Dry Bulk Shippers On Weakness (DRYS, DSX, QMAR, TOPT)

October 31, 2007 9:08 AM EDT
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Price: $5.40 -78.33%

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    5 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

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On Mad Money last night, my friend, buddy, pal Jim Cramer said to buy the dry bulk shippers on weakness. He said if you get nervous and don't like buying dips, than give your money to a mutual fund manager.

Look for DryShips (Nasdaq: DRYS), Diana Shipping (NYSE: DSX), Quintana Maritime (Nasdaq: QMAR) and Top Tankers (Nasdaq: TOPT).

DryShips owns and operates drybulk carriers that operate worldwide. The Company owns and operate a fleet of 35 vessels.

Diana Shipping is primarily a holding company. Diana Shipping, together with its subsidiaries, is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels.

Quintana Maritime Limited is an international provider of dry bulk marine transportation services. Dry bulk vessels transport a variety of cargoes, including coal, iron ore and grain.

Top Tankers is a provider of international seaborne transportation services carrying refined petroleum products and crude oil.

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