Very good quarter when we exclude the 1 time event (1 vessel sold book readjusted to 0) that has no incidence on cash.
They now have in cash close over 60 Million $ and are way undervalued. The real value of this stock is now close to 3.50$ (net value of 313M$ and 90M shares outstanding)
Traders will notice and i expect a good recovery on this stock.
As usual be carefull of market opening frenzy and you could even be able to buy more mid day at a price close to 1$. At that price i consider that one a bargain if you are ready to wait 12-18 months to make a great return over 200%.
Have a great evening
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