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Genco Shipping & Trading Ltd. Message Board

  • audiophul audiophul Sep 20, 2012 1:02 PM Flag

    Estimates for Q3 are too high. So are Q4

    The expiring time charters for the Hadrian and Constantine will kill earnings as the recent small rise in CAPE rates, NOT THE OTHER CLASSES, will not help off set the huge drop in daily earnings those two charters will bring to the bottom line. Q3 is about 10 cents too high, Q4 is at least 25 cents too high.

4.58+0.08(+1.78%)Sep 30 4:02 PMEDT