Ship undiscovered undervalued!!!
-$85 million in cash and a healthy balance sheet
-strong position to take advantage of market opportunities while expanding asset base and profitability with new employment for our fleet they now have time charter coverage for 95% of our fleet for 2010 and 51% for 2011
- After tough time for world economies things starting to turn around and future looks very strong, Operating Income amounted to $0.8 million for the three months ended December 31, 2009, as compared to an Operating Loss of $34 million for the same quarter in 2008
-Net Revenues for 2009 increased to $87.9 million as compared to $34.5 million in 2008, an increase of 155%
-Operating Income amounted to $40.4 million as compared to an Operating Loss of $31.2 million for the year ended December 31, 2008.
- a recent plunge in the stock price from over 2 based on the Greece fear will also be a catalyst for it going up when the Greece fear is put aside. The company is a global provider and was unjustly taken down by shorts using the Greece fear as an excuse.
- Way undervalued with only 28 mil shares out.
- A chart that is about to reverse with lots of room up to the 2-5+ level, the technical will have to play catch up to the improving fundamentals
