Value hunting will continue over the weekend once it clear now that shipping sector will have a strong year and the whole sector is big oversold (about 80% off since last November). folks will compare DRYS, ESEA, TOPS, SB, DCIX GLBS (all facing losses a/o today but average PE is about 250). once comparison done, they find huge value in SINO W/a possible upcoming EPS of around 0.32-0.35( vs 0.11 a/o today). obviously this company moving forward since last November (14 PPS), Beats twice, signed a J.V/contract,has their best cash position in years and strong Ownership. yes, looking forward for catalysts ahead not only w/ their new partner Cosco (one of the largest shipping company in the world). SINO is the only profitable shipper,only non- foreign company and only one that doesn't hold l.t debt. not sure if there is another company with 40% profit margin the entire market. RLGT, a 270m cap Company has only 1% profit margin and huge debt. SINO's EPS 3 times RLGT's EPS a/o today. SINO is a 20m cap company. Industry Shipping PE is about 250 should give you an estimation of SINO Target price relating current EPS and recent contracts/agreement.
A bridge between China and the US for Metals, Iron, steels, LNG, Goods... "SINO will receive a percentage of the total amount of each transportation fee for the arrangement of inland transportation services shipments into U.S. ports".
big money will be made here for longs the coming months if you ask me. Have a great weekend, all.
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