$PSHG @$1.11 >>> P/E ratio (2022) below 0.3(!) post offering!! $$$$$$$$$$$$$$$$$$$$$$$
Only Q4 2022 they generated $23.8M NET PROFITS!!
"Performance Shipping Inc. Reports Record Fourth Quarter and Full Year 2022 Net Income of $23.8 Million and $36.3 Million, Respectively
ATHENS, GREECE, February 23, 2023 – Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported a record quarterly net income from continuing and discontinued operations of $23.8 million and net income from continuing and discontinued operations attributable to common stockholders of $9.4 million for the fourth quarter of 2022. (..) http://www.pshipping.com/news/news-performance-shipping-inc-reports-record-fourth-quarter-and-full-year-2022-net-income-of-238-million
Now with 2 more ships (both delivered during Dec 2022) #s will blow up furthermore in 2023.
MC is a JOKE right now. (MC post direct offering at around $10M)
INSANE UNDERVALUATION.
Big boys (institutionals) loading the boat before upcoming moon-shot per my DD.
Huge book value (NAV) near $20/share if you include 2023 profits Jan/Feb & DO!!
Heavy cash position pre offering at around $60M per my DD.
Juicy cash dividend for common shareholders on the way as I see it. (Per filings/news)
I'm expecting NET PROFITS for 2023 to exceed the $100M(!) mark. DYOR.
Exp. $100M+ NET PROFITS 2023 equals a P/E of mega crazy low 0.1(!) with new O/S.
Common shares to be outstanding immediately after (ongoing direct) offering (to several institutionals): 9,968,405 common shares.
Are y*all ready? Tickets for the show are bigly discounted right now fyi. Jmho. *NFA
Last 3 acquired ships by $PSHG / 1 delivered in Nov 2022 and 2 in Dec 2022. So record financials for Q4 2022 will see further increases in Q1 2023 with 2 more ships generating revenues/profits with great margins also at new record levels. #ATM
Average daily volume 30,000 // any volume moves it bigly!! super low float Revs 1.3 Billion annualy Market Cap below 30 mils
Atento is listed on the New York Stock Exchange under the ticker symbol “ATTO.” Atento is a global company delivering its solutions and services throughout 13 countries worldwide. Atento is organized into three geographic markets, (i) Brazil, (ii) Americas, ex-Brazil and (iii) Europe, Middle East and Africa, which consists of our operations in Spain, (“EMEA”). Atento’s main operations are located in Brazil, Mexico and Spain.
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