Why do I say this ? this stock was over 7.39 2 years ago when they only had one ship and was profitable. Now with over 10 ships this should be a minimum of $70,00
Secondly the CEO is one of the wealthiest men in Europe that has a net worth over several billion dollars. His family who are also billionaires including his brother also owns shipping companies and could possible form a joint merger increasing the fleet of ships from 10 to 30.
With Covid 19 since march 2020 the demand for dry bulk shipping has been exploding and is not expected to slow down for the next 10 years. There profits could go from 2 million to 100 million with in one years time alone.
As the company CEO said there demand is greater then the supply of ships he has available. All recent 9 ships he squired already have contracts and are booked.
This is an incredible growth story with the family being in the shipping business for over 40 years and the CEO heading many similar companies his own life. CTRM is a new company he formed in 2016 and only went public in 2019.
The pandemic and global change the way we do business along with the world slowly moving everything to shipping and commerce based economy could accelerate the growth and this company could see exponential disruptive moves.
There ships unlike other companies are designed to and licensed to go through the panama canal which gives them another advantage over others.
Today we will be over a dollar and meet nasdaq listing guidelines. This is also one of the heaviest shorted stocks on the market that has been attacked by the hedge funds. Unlike Gamestop we are profitable and growing rapidly in profits. There is no reason why this can trade over $100.00 this year alone.
Contracts and Q4 results will soon be announced. + possible acquisitions, + joint ventures and the purchases of additional ships is coming !! This could be the best performing stock of 2021 !
Why CTRM Stock will hit $100.00 !! WallStreetBets
First, a quick recap of the key positives we currently have going for us: A current price in the goldilocks zone — close enough to $1 to get sucked into its gravitational pull, but cheap enough currently for anyone to be able to pick up a hefty amount of shares and make an absolute killing. ?? A real company that is doing well — Castor Maritime was doing well prior to the recent WSB explosion and continues to expand its fleet, despite a global pandemic that has bankrupted so many other companies. As the COVID vaccine rolls out, restrictions will lighten up and the shipping industry as a whole will rise with the tide ?? This just in from Yahoo Finance: Feb 1: Castor Maritime Inc. Announces Vessel Acquisition (notice there wasn't a huge share dump on this news, just steady growth upwards) A boatload of first time investors just entered the market — Last Friday (1/29/21) a lot of new investors deposited money into RH for the first time. Those funds should start becoming available as we speak. Those funds may have originally been intended to go towards $GME, $AMC, $DOGE and others, but after observing the ensuing bloodbath that has taken place, I believe a lot of this money will be re-routed to alternative destinations. ?? Iceberg ahead! $CTRM has minimal upper resistance after breaching the 70¢ mark — You don't have to be an expert stock analyst to look at the 1 year CTRM chart and realize that we're on clean trajectory to $1 and beyond, as much of the resistance was cleared out on Jan 28th ?? At the $1 mark, we can reasonably expect to see a new wave of investors pour in. Those who got in sub $1 will be able to take some well-deserved profits for carrying the early risks on their backs. After a short docking at $1, its off to our next resistance level at around $3.75. So if everything here is perfectly positioned for growth, what else is there left to do? CTRM still needs broader exposure, plain and simple. It's all marketing from here. Quite frankly, cargo shipping isn't as sexy or cool as crypto, electric vehicles or marijuana... so we need to build some real name brand recognition here — all in favor of "Boats and Hoes", say I ? Here's how you can help CTRM gain exposure on Reddit, in a what is currently a crowded field of penny stock chatter. Make this your new morning routine: Search Reddit for the ticker CTRM Filter by New Posts to bring up the most recent posts Upvote the shit out of these posts so they actually get viewed Repeat Profit Here's a shortcut you can bookmark: https://www.reddit.com/search/?q=CTRM&sort=new Another Pro Tip: Anytime you post the ticker CTRM on another subreddit, take a little extra time and make it a link back to here i.e $CTRM, now people can find us and learn more. The more we grow our community, the more users that see this post, the more all of posts involving CTRM get upvoted daily across other subreddits, the more exponential exposure we create. We're a small community of 4k today and we have to penetrate the bigger subreddits on a consistent basis to build ticker recognition. We really want people to think, "What the heck is this CTRM thing that I keep seeing everywhere?" It all starts with new investors joining the CTRM community and keeping the upvote process going strong. If the last two weeks have taught me anything, it is that you should never underestimate the power of enough Redditors on a mission. It all starts with you and compounds from there! And lastly... yes, all five of my ship puns were absolutely intended, haha. Awesome! Where can I learn more about the company? Stay up to date w/ Castor Maritime Press Releases: http://castormaritime.com/investors/press-releases-page/press-releases Check out the brand new world class, eco-friendly cargo ship that we just purchased: https://www.tsuneishi.co.jp/english/products/kamsarmax/ ???????? ???????????????? ???????? — LETS GO SHIP GANG, GET ON THE BOAT!! TLDR: Search Reddit daily for new posts in other subreddits involving CTRM and upvote the shit out of them so that we can gain traction, establish broader recognition of the ticker, build our little community here, and thus achieve exponential exposure.
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