In another thread I mentioned a stock that pays me between a 7-8% dividend yield, while it trades in a range and chases its tail.  This is the stock (SSW)-don't think I have mentioned it yet here specifically.  It is a shipping company.  It is fairly new to public trading (2005?).

 

They currently have 17 ships on the high seas moving goods from the Far East.  For me it is a long term play. No quick monster profits here. I keep buying blocks of shares periodically when its chasing its tail backwards.  It moves towards its 52 week high and then backs off recently.

 

I invest for future growth here. My profits here will not likely occur until 2008-2009. They have plans to have a fleet of 41 ships by 2009 and keep receiving new ships as they have them built. More new ships coming in Q4.  They also then set up charter contracts to keep them busy at a daily fee.  Pretty stable stuff unless the company experiences a sinking ship, collision, or a serious recession. Not sexy-got to have a few of these in the portfolio!   

 

Lets face it guys, manufacturing in China is not going away very likely.

 

Sure there are bigger players in this arena-anybody else invest in this kind of stuff?

 

Kutz