May be true of other companies, but not this one. They make enough money to operate, but not enough to pay their debts. The forecasts are aweful and tons of ships slated to be delivered despite brisk scrapping. Are people seriously this blatantly optimistic?
You have to understand the dynamics guy. Let me put it in perspective for you.
Picture a guy standing on the shore with 1140 tons of material and he wants to sell the material but eveyone in his land already has the material. Following? Now, to make money he must get across the ocean to make 63M dollars for the material stacked up on his shore. A GNK boat pulls up and the price is 5M. The man on the shore can then decide, do I want 58M or do I want 0 when I lose all my material during high tide.
LOL! Another moron chimes in as they lose their tuchus. You guys should change your names to Nero. You are fiddling while your investment dollars are burning. Seriously, hope is not a valid investment thesis.