Earnings sucks. Down 59.9% on the top with the bottom stinking. 0.50 next week easy.
This is done. They doubled the share prices from 0.59 of a couple of weeks ago and sucked in many bag-holders. In the face of today's BK-deserving and certain-delisting-causing earnings I wonder if even 0.39 can hold now. Already down nearly 15% AH but this is just the warm-up. Face it folks. This thing is a worthless piece that is going down fast.
And NO i am not long or short but this was on my radar waiting for the earnings to see if I want to get in. What a waste.
Down 15% AH...on 45000 shares. Did you see the 5 million shares that traded today...and the almost 20 million shares over the last week?...do you think 45K has any influence? Oh..and BTW...you picked the low of after hours...only down 10% now that people have had a chance to look at and compare the numbers to the first half.
Yeah you are right..the stock is a burgain at 1,16...the company has no debt, the 2012 results were great, the shipping industry is in great shape...no vessels to hire can be found...World trade in great shape.....great opportunity...price target 10