The stock will be $20.00
Instead, they've announced the immediate suspension of dividend and buyback in exchange for amended terms on the credit facility.What does THAT make this stock worth ?
Right now 13.50
I was wondering if moving to the capesize would be the right move and it appears it was. IMHO, we GNK longs will be well-positioned for the recovery this Summer.
You took the words right out of my mouth. $65,000/day should cover the dividend.
Hmm... clearly the market already assumes it won't happen, so even if they cancel it, it isn't anywhere near the same as DRYS. A yield of 25+ already screams slash... but if they keep it, your probably right, and then I'll be running away... ha
in a fking heartbeat.