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grantastic

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grantastic

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Saturday, 03/18/2017 1:40:12 PM

Saturday, March 18, 2017 1:40:12 PM

Post# of 186
Wow, down below $2.

I got convinced that this company is all downside and very little upside. The debt is going to eat up all the charter income.

Best case scenario is in 10 years DAC has a bunch of old ships that barely earn more than their running costs to operate

Worse case scenario is financing terms carve out another huge chunk of equity, and at the end of the charters, the boats have to be sold for scrap.
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