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What a complete disaster this stock and this fake economy and this fake booming US dollar and this fake Wallstreet. All designed to take our last remaining cash.
I agree. But have you looked at the charter rate and idle rates. Per audiophlue half of the eagle fleet if not more is essentially idle.
I follow dsx and am shocked that the pps is were it is. Most of their charter rates are awful, bet they don't even break even, yet the stock is up a little.
You are correct, the initial shareholders were wiped out..... I bought at $16+ plus and sold immediately after the stock was unable to climb after the restructuring.....
Hell, if my memory serves me correctly, they wiped out like a $1B in debt so my thinking was the company was a lot stronger and the stock would perform favorably.... WRONG on that one!
No interest in owning at this time but continue to monitor....
If not less. It was in the ones or twos if I recall, if not less when it restructured and that moved the pps to what was it 12/13, don't remember. So this decline would make the presplit ppss even less and that was not mc. Bit I must admit to being glad to see te hedge funds and debt holder speclators getting hit as the retail shareholder already got wiped out at the restructuring.
Correct me if i'm wrong, but the original shareholders were essentially wiped out at the last restructuring, keeping what was it 1% of less of the equity.
So the only ones getting hit now in realty are the hedge funds and debt holders who essentially took over the company at the restructuring. Right???? And I for one am enoying seeing them get hit like they hit the originl shareholders.
Lets face it, the bulk shippers are getting killed with their charter rates which barely, if , meet the expense costs. I'm surprised dsx has been showing any strength as I follow their charter rates and they are pathetic. Surprisingly, the LNG carrier charter rates and lack of busness with huge number of ships laid up are pathetic as well.