Genco Shipping: Diana's Bid Is A Floor, Not A Ceiling (NYSE:GNK)

After months of quiet accumulation first creeping up to 7.7% , then increasing further to 14.8%, Diana Shipping Inc. ( DSX ) has finally revealed their cards. They have made a non-binding proposal to acquire the remainingI'm a fundamental investor who targets situations where the market has pushed a company’s valuation far out of line with its underlying economics. My professional background in corporate financial analysis has deeply shaped my investment perspective, leading me to focus intensely on cash fl ...