Oh, and I think CEO Dale Ploughman earlier said that all 20 ships recently went out on time charter for the next year or so. Seems like a pretty fungible, commoditized company.... Predictable earnings from its assets like 20 rental apartment buildings, with any upside to come slowly as time charter rates change, and as the debt is paid off.
I note that the Baltic Dry Index has been flat for the past several months. Anybody want to take crack at valuing it prior to the earnings? Know any comparable shipowning companies?
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