Lets hear what everyone thinks the Q2 eps will be. The Yahoo estimate for the entire year is $.12 with $.09 already in for Q1. My estimate in May was $.12 for Q2 and I'll stick with that. Question: How do you think mgt will finance the two newbuilds and how will that impact price movement?
*Q2...eps 0.13-0.14. *Finance for new builds by re-financing current debt. *Charters for Q3 will point towards eps 0.08. *Market will have a muted response to new builds...glut of new builds has helped depress spot prices across the sector...FREE adding new vessels is short-term negative, so a neutral market response will have been good result for us.
Just being a realist...okay, a pessimist. Hope I'm wrong and FREE flies.