FreeSeas Inc fka FREEF

[randall899]

I wont like this stock much at all if it is not a dollar by mid December I really think it can because I think it is really worth more than that. Like I said before I do not think the market cap of this company equals the value of the ships. I have never tried to buy a dry bulk tanker but I really don't think the shipyard would build you one for the entire market cap of this company. To be honest I think that the ships they have would have more value as scrap metal than the market cap of this company right now. True though it might be irrelevant as stock prices don't always agree with my logic. The ship getting high jacked last year hurt this companies profits badly . Not to mention the increase in operational expenses in this new world economy changed quite a bit because of petrols increase. The shipping sector has been smashed for the past few years. The sector is warming up as of last week. The contracts have been adjusted to compensate I hope or there would be no point in being in business. Ships can make money if the operation is conducted correctly. All the ships they own are chartered now except for 1 that is in port. plus a record volume 2 days last week . Some people might recognize that as a indicator of some price movement nearby. I like living on the edge so I bought it. Now im just gonna wait and see .01 penny profit posted next filing could mean a much higher stock price 1 12 million dollar extraordinary item gonna be on that book too. Ships value amortized. Not sure how that will work but the balance sheet will show some debt decrease for sure. The rev will be near 20 million this quarter. By my best guess expenses ? Guess ill wait n see