Right on Piratery

by Johnny Debacle

According to the AP, pirate attacks dropped worldwide in the first calendar quarter of 2007.

Pirates attacked 41 commercial vessels worldwide in the first three months of 2007, the lowest figure reported in the past decade, a global seafarers’ watchdog said Wednesday.

The January-to-March figure is a significant drop from the same period last year when 61 attacks were reported, the London-based International Maritime Bureau said in a statement through its piracy reporting center in Malaysia.

It was the lowest first-quarter total reported by the IMB since at least 1998.

Although many sell-side piratery analysts may have been surprised, readers of our research reports would not have been. This report comes on the heels of our 8-21-2006 report titled Peak Piratery: Time To Walk the Plank? in which we urged potential piratery participants to “Do Not Buy”. We of course, were correct and called the piratery market more accurately than any other investment research firm.

As our fiscal third quarter of 2007 comes to a close today, keep this in mind when deciding whether to continue to invest the time into our reports. We make the big bucks because we make YOU make the big bucks.

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