RE:No market for this BDI is nothing but a model of consistency. There is no problem here. Its a macro problem for the who O&G industry and BDI seems to be painted with the same brush even though they have shown consistently that this business is a smaller part of their overall business.
If we are lucky, management will accumulate enough for them to be motivated to start providing a dividend again, which would spark a whole new level of buying again (especially from canadian funds). However, their priority is reducing debt which is probably a prudent thing to do as painful as it is to have the belt tightened all of the time. Return on invested capital is good, which is really all that you can ask of management. The tide may/will turn for the company from a perception perspective and, suddenly, it will be a good investment again!
Can't wait! Well I can, and I have...