They should OUTLAW stock offerings ! . The little guy always gets hurt and is the last to know the value of their shares is being taken as their holdings are reduced in value. When was the last time an offering increased the PPS, NEVER ! It's an easyway out for MGMT. that will not takeout a loan or cannot make more profits, just steal it from the shareholders, what can they do but eat it.
I think this is a fair deal and one should not speak until they are sure what the numbers will reveal . 5 ships is roughly a 17% increase in their fleet . Surely this will be reflected in earnings . They have bought back quite a few shares cheaper . Long term these are smart guys and their not doing this to loose themselves or us money . This dip is a chance to buy shares cheaper that will increase in value as the economy chugs ahead . Patience be a investor not a trader .