Anyone who is stupid enough to listen to your grade f bash doesn't deserve to own this company. It's a perfect time to be long when the future is bright and this is currently trading under a 2 pe. Today's manipulated shake was a great time to add, let the day traders and stupid money sell, smart money will accumulate.
They got a got a great deal they paid cash, still have lots of cash on the books. They added vessels to the fleet because they were at a time charter coverage of 95% for 2010 and already 51% for 2011. With the baltic dry index expected to rise along with shipping rates it seems they made a great move to position the company to be able to make even more money next year. Do some research, so next time your opinion has a little more substance behind it next time.
Total revenue rose 155% year-over-year to $90.2 million in the year ended December 31, 2009, up from $35.3 million in the same period a year prior.
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