When compared to the lower end container ship companies on NASDAQ, it becomes obvious that TEUFF is setup for a comeback.
(all numbers taken from OTCmarkets.com)
DSX trading at 2.51 has a market cap of 207m, last year (2015) posted (70m) net with 157m income. Out of the previous 3 years, only one was positive, 2012.
GOGL (historically closest to TEUFF income levels) trades at 3.66, market cap of 387m, last year posted (2015) (220m) net with 190m income. Out of the previous 3 years, only one was positive, last year (2014)
NM is another one.
TEUFF trades at .013, market cap of 406k, last year posted (29m) net with 44m income. Previous 3 years have shown a net POSITIVE revenue.
With its 406k TEUFF is hugely undervalued. I'm not sure how the valuation math works out, but a 4m market cap (.13 pps) on TEUFF doesn't seem out of the question when compared to the other companies.
GOGL makes 4x the revenue, valued at almost 1000x. DSX makes 3.5x valued 500x.
When this years financials come out we'll have a better picture. If they're par for the industry we're going to jump big.
If I'm reading all of this wrong, please let me know...