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Euroseas, Ltd. Message Board

  • csbordone csbordone Sep 25, 2013 9:51 AM Flag

    happy with esea take a look

    here is a list of shippers at their low of year compared to todays price.( as a %
    of movement) look who is last They all are up but did we pick the righ horse

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    • i forgot the list
      egle 1.32----7.68
      gnk 1.12----4.63
      prgn 1.91---6.00
      drys 1.46---3.68
      sb 3.12---7.01
      dsx 6.45---12.60
      esea .86---1.64
      look who is last as a % of making us money

      • 1 Reply to csbordone
      • ESEA was in much better financial shape than some of those companies which is why their stock went up more. If the market did not improve as it did or if it does not remain as strong as it has been some of those companies are still at risk for bankruptcy. It is always a trade off between risk and reward. I did not want to time the recovery, which is why I purchased ESEA. This company has the cash to sustain itself in the event that the recovery did not come until 2014. Can't fault ESEA for managing their debt load.

        Company reported book is $ calculation of book based on current ship values (minus debt) was $2 a couple months ago. This stock should be trading at least at book value $2+ and as ship values improve will likely return to the $3+ range

        Sentiment: Hold

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