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They managed to hang on to their cash in Q3 - which is a pretty big achievement considering the circumstances. So maybe it won't be as bad as $1 / share. We will see tomorrow.
The result was not too bad due to strong BSI in July and the high rate on one of its Cape. With the expiration of that chart and much worse BSI in October, Q4 could be much worse than Q3 for GNK.
Anyway the price of this stock should not be much higher than EXM, PRGN. It should also be lower than DRYS.