Savvy Trades and Investments

[Swick984]

CNRD - There were continued losses in the large LNG carrier that they are constructing. The losses on this one project have been astounding in my opinion. The company obviously believes the losses are worthwhile to gain a foothold in this potential large market. In this quarter, they amounted to $2.4 million. Delivery of the vessel is expected in early Q1 2018, though that has been shifted back several times... Overall, it was a somewhat disappointing result as I expected more activity in the repair segment. There is some deep value here, but it appears that this may be more of a 2018/2019 recovery story at this point.