<p>Like any other dry bulk shipping company, EGLE faces short-term headwinds in the form of a potential recession. As a result, investors should potentially prepare for the stock price to fall further in the short term. However, we also see potential for long-term profits. This is particularly true as global demand, especially from China, starts to recover. Additionally, if global fleet growth remains subdued in 2023 and 2024, this could be a positive for the industry.</p><p style="text-align: left;">Compared to its peers, EGLE appears to be undervalued. This is expected to remain the case for the near future since EGLE has locked in their TCE rates at higher levels than the market trends in Q3 2022 and is expected to do so in Q4 2022 as well. This is a positive sign for the company, as it indicates that they have secured more favorable contracts, which should boost their profitability over their closest competitors. Additionally, EGLE has bolstered its balance sheet and has remained highly profitable. These factors indicate that EGLE is a strong buy for any long-term investor.</p><p style="text-align: left;">We believe that EGLE will stand clear of its competitors, making it one of the better stocks in the dry bulk shipping industry. With a track record of strong financial performance, a strong balance sheet, and favorable contract arrangements, EGLE is well-positioned to weather any near-term headwinds and continue to deliver solid returns for investors over the long term. Therefore, we recommend that any investor interested in the dry bulk shipping industry considers adding EGLE to their portfolio</p>
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