Wednesday, May 18, 2011 12:20:32 PM
Not sure what ORRVs first salvage operation will be. The news today made it sound like the 5 ship cluster may be in a different location. They are still negotiating with the Philippines so that salvage operation won't start until negotiations are complete. That could conceivably begin before the operation in today's news. It's important to remember that they have more than one ship and they have partners in the salvage operation so they can do more than one thing at a time.
I like this trade because for the first time n a long dry spell this company has the potential to recover a huge amount of cargo over a 5 year period and it should provide solid earnings over that period and the stock price has the potential to steadily rally over the next 5-years or more depending on future discoveries. It's an accumulate and hold situation will you can trade along the way with 1/2 your shares and have a significant number of shares accumulated at the highest price points along the way. I love this trade!
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