Most important is the $70MM of 9mo EBITDA. That's with some ships in the water only part of the time. So 2012 EBITDA is likely to be $100MM easily, as forcasted for many months by yours truly. So trading at slightly more than 1x EBITDA. Shockingly cheap...but it still doesn't come up on Bloomberg as a comparable against STNG, Torm A/S, or TNK. Nobody knows we're here, in the tanker business!
heck for half an hour after the market opened (or so it seemed) volume was ZERO. that's what gives us our opening. I added at near 2.70. Not the NNA buy of the day but a year from now this is going to look so much different. Loved the 12M at 3.6% in convertible at 7 / 10, callable at par after 18 mos. Side note for NSALI followers - look what just happened to ULTR.