Boston Carriers(BSTN) revenue up from last year.
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Undervalued shipping Company Boston Carriers(BSTN) had positive market reaction to the press release issued yesterday.
November 17, 2017 -- InvestorsHub NewsWire -- Boston Carriers ($BSTN) has just released news reporting revenue from its latest spot voyage contract. Revenue was up significantly compared to fiscal year end December 2016. The stock booked a 101% increase on only 4.8 million volume in shares traded.
The Baltic Dry Index has been on a rip in 2017 and the current pullback looks to be a great opportunity to evaluate the index and shipping companies. We will be releasing a detailed comparison analysis of some of the individual shipping companies that have had breakout gains in the last few weeks such as $DCIX, $TOPS, and $DRYS. When looking at the current pps of those companies and comparing them to the current pps of $BSTN, although $BSTN is a much smaller company it is clear that their pps is way undervalued as a whole. 45 cents to 65 cents would not be considered unreasonable targets when viewing the company's share structure, total revenue and expenses, assets and balance sheet.
Attached is the company's latest press release dated November 16, 2017
ATHENS, Greece, November 16, 2017 /PRNewswire/ --
Boston Carriers Inc. (BSTN) ("Boston" or the "Company") announces that on October 2017, Nikiforos completed a spot voyage contract to transport approximately 33,000 tons of dry bulk cargo from South America to the Middle East. The contract contributed approximately 1,283,000 USD in the revenues of the Company. Nikiforos has transported approximately 183,000 tons of dry bulk cargo from the beginning of the year and until the date of completion of this voyage and has produced operating revenues of approximately 3,2 million usd compared to approximately 2,1 million usd for the year ended in December 31 2016.
Mr. Antonios Bertsos, Chairman and Chief Executive Officer, stated, "Boston's short term employment strategy allows the Company to capture any potential upside that arise in the dry bulk market."
Mr. Antonios Bertsos, added, "We believe in the dry bulk sector and will attempt to continue to grow our fleet with additional dry bulk Handysize-Handymax vessels."
About Boston Carriers Inc.
Boston Carriers Inc. is an international shipping company providing ideal solutions for seaborne transportation of dry bulk commodities through owned vessels. Rea
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