Box Ships Inc (TEUFF)

[happykat]

$44M revs was their worst year 2015 (due to downturn in the entire industry), plus they had the one time impairment loss that accounted for most of their losses the same year. If they match their worst year revenues in 2016 minus the impairment loss and show reduced costs, along with some improvements in debt, it will show the beginning of a turnaround for the company. That alone will cause the share price to skyrocket! The shareholders update made several important points:

1. They are preserving cash liquidity by reducing operating and administrative costs significantly.
2. They are working closely with the lenders which have deferred loan installment payments until Q1 2017.
3. The CEO has survived the cyclical nature of the shipping industry for 35 years!
4. Market sentiment around the shipping industry has been shifting recently (the gains we've been seeing with other stocks in the same sector confirms this).

If anyone has bothered to do any due diligence, they would know that all ships are under contract right now.

I'm waiting at the bottom too. The longs WILL have the float locked up soon, and when new numbers come out, the move up is going to take our breath away (especially if shorty is playing)!