equities/liabilities ratio is objectively very bad here.it is way lower than 1.
the current ratio is not good either.
That being said, SFL may dilute 100% like DAC did recently to face the sky high debt.
TRMA has almost gone broke due to its awful equity/liabilities ratio too. TRMA is not a shipper . the example is mentioned to stress the importance of having both an equity/liabilities ratio > 1 and a current ratio > 1 like PRGN has.
disclosure:long PRGN. PRGN has 5% div yield and it is gonna grow like its fleet has been growing wisely too thru long term charters(it is full both for 2010 and 2011). PRGN added 3 new vessels during the last months which they chartered in just 1 month.its div is only 20% of its eps.
The legend fund manager Jim Simons picked it from all the shipping stocks. The ceo of PRGN is adding too. Does the ceo of SFL add in his position ?
Board members...I must say that there is something about me that really makes some women mad (I guess that if you disagree with them they go plum crazy)...! That said, a few messages about other stocks don't hurt this message board...that is one of the ways that I get my tips...! It is for us to buy, sell or skip...!
well I've been posting here for years and I'm gonna call him a nasty name too.
We have no f*$!)ng business discussing underperforming greek microcaps here. Let alone pump it and compare this POS to SFL. He has been posting the same nonsense on the GLNG board and I hope this stops right here and now.
Go preach the holy PRGN message in your own church.