Huge move up today. Hard to believe that all this movement lately is not NEWS related it is just that insiders are holding it to themselves perhaps.
So what could the news be? The fundamentals of this co has not changed. I do not see a dividend payment remaining the same causing this type of move nor do I see this as a run up before the dividend payment which is not due for another month nor is it that much money.
Has shipping turned the corner? I see no sign of that maybe they have hit thier lows and this co is now considered to be "safe" and as "safe" undervalued and thus the run up to what would be considered fair value???
I don't have a clue and no news has been posted during the run up including a 7% move today.
I like it as it cuts my losses but still very RED and no hope to get it back given how much they have sold off in boats which equals revenue. But I would be happier at these values and a safe dividend.