Weekend Warriors

[S-BEES-BUMBLEBEE]

$PSHG @$1.11 >>> P/E ratio (2022) below 0.3(!) post offering!! $$$$$$$$$$$$$$$$$$$$$$$

Only Q4 2022 they generated $23.8M NET PROFITS!!



"Performance Shipping Inc. Reports Record Fourth Quarter and Full Year 2022 Net Income of $23.8 Million and $36.3 Million, Respectively

ATHENS, GREECE, February 23, 2023 – Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a record quarterly net income from continuing and discontinued operations of $23.8 million and net income from continuing and discontinued operations attributable to common stockholders of $9.4 million for the fourth quarter of 2022. (..)
http://www.pshipping.com/news/news-performance-shipping-inc-reports-record-fourth-quarter-and-full-year-2022-net-income-of-238-million

Now with 2 more ships (both delivered during Dec 2022) #s will blow up furthermore in 2023.

MC is a JOKE right now. (MC post direct offering at around $10M)

INSANE UNDERVALUATION.

Big boys (institutionals) loading the boat before upcoming moon-shot per my DD.

Huge book value (NAV) near $20/share if you include 2023 profits Jan/Feb & DO!!

Heavy cash position pre offering at around $60M per my DD.

Juicy cash dividend for common shareholders on the way as I see it. (Per filings/news)

"(..) Net income from continuing and discontinued operations attributable to common stockholders for the year ended December 31, 2022 amounted to $12.0 million. (..)"
http://www.pshipping.com/news/news-performance-shipping-inc-reports-record-fourth-quarter-and-full-year-2022-net-income-of-238-million

I'm expecting NET PROFITS for 2023 to exceed the $100M(!) mark. DYOR.

Exp. $100M+ NET PROFITS 2023 equals a P/E of mega crazy low 0.1(!) with new O/S.

Common shares to be outstanding immediately after (ongoing direct) offering (to several institutionals): 9,968,405 common shares.

Are y*all ready? Tickets for the show are bigly discounted right now fyi. Jmho. *NFA



Last 3 acquired ships by $PSHG / 1 delivered in Nov 2022 and 2 in Dec 2022. So record financials for Q4 2022 will see further increases in Q1 2023 with 2 more ships generating revenues/profits with great margins also at new record levels. #ATM


https://pshipping.com/news/news-performance-shipping-inc-announces-delivery-of-the-lr2-aframax-tanker-m-t-p-long-beach


https://pshipping.com/news/news-performance-shipping-inc-announces-delivery-of-the-aframax-tanker-m-t-p-monterey


https://splash247.com/performance-shipping-takes-fleet-to-seven-with-its-first-product-tanker-buy/

GLTYA! ~BEE~