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  • dlightsey2001 dlightsey2001 Jun 1, 2011 11:28 AM Flag

    What level does the BDI have to be for

    EXM to turn a profit...what about free cash flow?

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    • yet_another_crappy_stock yet_another_crappy_stock Jun 5, 2011 11:27 AM Flag

      How's it going audio? Upset about stars again, huh? Maybe you should try calling 1-800-WAH-WAH-WAH-WAH.

    • FUNNY FUNNY FUNNY. Well we all know this is now just one of so many of audio many id's. thanks for being honest at least. Maybe you should take a looky at you own posts as painfull as that might be. Your the only one whiiiiiiiiiiiining about stars. Hey these people like me what can I say. Bashing audio gets stars thats life. What a life audio what a life. I think tonight maybe a few to many cocktails with just you and your computer?

    • yet_another_crappy_stock yet_another_crappy_stock Jun 3, 2011 11:17 PM Flag

      Hey audio,

      "Why in the world would you think it is me?"

      Hmmm.I could think of several reasons:

      a) All of your posts, despite the fact that they contain no useful information, immediately get numerous five star ratings
      b) Any of my posts that are responses to you immediately get numerous one star ratings
      c) You mention stars in EVERY SINGLE ONE of your posts
      d) You cry a lot about being picked on.
      e) You have the intellectual firepower of an amoeba
      f) You're basically a dweeb
      g) all of the above

      I'm gonna go with g

    • Why in the world would you think it is me? Because I make fun of all your id's whinnnnnnnnnnnnnng about your stars. It could be one of a million people that you have belitteled through out the years. You call people names all day long then use many id's to whinnnnnnnnnnnnnnning about your stars who could not laugh at your sad littel life. Which one of your belitteling posts do you think warrents anything but one star at best. Dont worry about me I have a life and just read your mean spirted posts just for laughs. To bad you cant make and money whinnnnnnnnnnnnnnnnnnnnnnnning about your stars, you would be rich.

    • yet_another_crappy_stock yet_another_crappy_stock Jun 3, 2011 4:49 PM Flag

      Hey audio, how's it going? Hey, I got a song for you:

      Star wars
      Nothing but star wars
      Using his logins
      To star every post

      It's star wars
      srytwf's star wars
      He just keep clicking
      On one of those stars

      PS. Does your boss know how many hours a day you're spending logging in and out of Yahoo?

    • Look at the BDI index comparing today's rates to last years.

      You'll see how badly this has fallen.

      Compare the BDI rate to the operating cost, and you will have the operating margin.

      You THEN have to factor in your G&A and other expenses.

      EXM is treading water.

    • You would think so Audio so why do you play your silly littel star games. So which person that you belitteled today do you think should have rewarded you with 5 stars? I dont see any 5 star posts out of you, no not at all. some good laughs but no stars for you.

    • So, the current BPI is $14,391 and our breakeven cost to operate is $6,500...Naaa, this don't add up.

    • There is much more to it than that. First, the BDI can rise or fall with one of the four classes doing all the lifting or dragging. You need to look at the fleet make up and determine which of the four indices are most important to EXM. You will discover it is the BPI.

      EXM has ONE Cape on spot. The BDI is completely concerned with and only with SPOT voyages. For EXM, they have eight vessels on "time charters" that are tied to the BPI index. Paid bi-weekly on the average of the BPI for the preceding period. They have SIXTEEN panas (kamsars) on spot. They have six Supra/handies on spot. So far and away they are most sensitive to the BPI. The vessels cost about $6500 a day to operate, so you need to determine what the management fees are, the G&A, the commissions, the depreciation, the interest paid for each or an average across the fleet to get to the "turn a profit" level.

      They have a LOT of debt left over from the disastrously timed QMAR acquisition.

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