20+ represents only a double net assets price/ share vs Shipping PE industry of about 20.
As mentioned before all parameters confirmed it: Technical ( broke MA10,MA15,MA25, MA50 next (18+), Numbers ( $500m net assets,58m cash, Debt decreased about 90%, best balance sheet in years), Ebitda forcasted H2 2017 and Toxic Financing is over.
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
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