TORM PLC (TRMD): After reading the 6-k, it doesn't look q...

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Re: None

Friday, 03/19/2010 12:54:07 PM

Friday, March 19, 2010 12:54:07 PM

After reading the 6-k, it doesn't look quite as bad. It's just that 2010 outlook is shaking me a bit. However, their estimate of a 15-60 million dollar loss is a fairly wide range. If a couple things go right, they could beat these expectations. I think at worst, they meet them. Not to mention their equity position is great and 700 million in cash isn't exactly bad either.

I guess the question is can I be patient while this thing drops, or will I feel the need to get out based on their 2010 guidance. It really seems to be in the global economy's hands right now.

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