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grantastic

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grantastic

Re: oil export post# 105

Thursday, 04/12/2018 9:09:53 PM

Thursday, April 12, 2018 9:09:53 PM

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The numbers look good but the problem is all the profits are from charters which are going to expire in a few years.

P/E is going to crumble fast as the charters are wound down.

Sure, most or all of the debt will be paid off by the charters but at the end DAC will be left with a bunch of worthless boats that don't make money. And you'll have tied up your equity that entire time.
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