Replies to post #4835 on Top Ships Inc (TOPS)

[Burnt before]

You really need to read between the lines, their income actually went down, the losses were so high previously because they wrote off value of some ships.

The loss for the nine months ended September 30, 2016 reflected the result of impairment charges for seven of the Company's vessels. Time charter revenues, net of prepaid charter revenue amortization, for the nine months ended September 30, 2017, amounted to $16.0 million, compared to $27.7 million for the same period of 2016.

They are all turds, especially if you get the timing wrong