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Jim Cramer's 'Stop Trading!': Balk at Dry Bulk

Cramer isn't as certain about the sector's health as Sophocles Zoullas, CEO of Eagle Bulk Shipping.

Jim Cramer questioned Eagle Bulk Shipping (EGLE) - Get Eagle Bulk Shipping Inc Report CEO Sophocles Zoullas' bullish 2008 outlook on CNBC's "Stop Trading!" segment Tuesday.

"The stocks cannot simply be this wrong," Cramer said. "I have to believe there is some chink in the story." He noted that CEOs of dry bulk shippers have "all been bullish," but "the stocks have been cut in half."

Zoullas replied that the stock market views the sector as monolithic, but that "all dry bulk ... are not created equal." He pointed to differences in positioning and durability among different companies in the sector.

Cramer wasn't so sure. "As a stock person,

the selling has been across the board and indiscriminate. ... I've never heard a dry bulk shipping person come on TV and say anything other than things are fabulous."

Reiterating his confidence in his company, Zoullas said, "I am very long the stock. ... I am very committed on the company." He further averred that his company was significantly decoupled from the U.S. economy, and that a recession here would not significantly impact Eagle Bulk Shipping.

At the time of publication, Cramer had no positions in any of the stocks mentioned.

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