Sunday, December 04, 2016 11:35:24 PM
Believe me I was very bearish on the company for a while but I am starting to see some major improvement and I am shifting to the more bullish side especially when I compare them to competitors like DCIX who are trading at a 25 times higher valuation. For them, the worst is still to come for TEUFF, the worst is behind them. I wouldn't be surprised to see them acquiring a couple of Post Panamax ships when the market improves. There are some great deals on new ship orders since many other companies are refusing to take delivery and the builders are stuck with these ships. These ships are much larger and more fuel efficient and can now fit through the Panama canal.
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