If AYR is worth what we all believe it to be, (cash flow, divy, etc...) why isn't someone trying to buy this company for half of book value plus a small premium? seems like ther should be some offers at least.
there is an over supply of ships. that's not where the cash is going. hedge funds are unwinding all over the place and there is much forced selling. until the derivitive issue is settled, steer clear of stocks. btw, the bailout plan was implemented because other countries who bought our shitty paper are pissed off and demanded we do something. this is just the beginning.
Warlord's calm approach soothes me, like the bussom of a mother to a new born baby......
I'd be worried if the major shareholders were willing to sell for anything less than 20 ps. But why would they now. They could buy back all the shares and own the entire co. with 4 years of future earnings!
If you believed your car was worth 20k, would you sell it for 10k? :)
There may well be offers we are not privvy to, but share holders are the owners and each will sell at "their price". You'd either have to control more than half the stock or get 50.0001% of the shares to vote for "selling at half price" in order to get a buy through.
I also do not believe AYR is for sale at this time. That does not mean there might not be offers... only that there is little if any interest in selling.
I'm not selling at this price. My price starts in the 20's based on fleet value. Until then, I can wait :)