12 or 13 older then #$%$ small ships. All on time charter . Can not increase rev. or earnings. Can not buy any new ships ( not enough cash) can not issue new shares at $1.30. so they will report -.10 eps and declare a div. of .015
good question. the readout wasn't horrible and in my opinion it presented some good insight into what they're planning on doing in the near future especially around acquiring additional ships and putting their money to work where it matters most.
If they increase their investment in the container ship area and focus their resources on growing their dry ship business AND maintain their low cost of operation then they have a good shot of turning some heads in 2014. The question though is by how much.
These guys are down but not out by far. They'll turn it around in time.
Just me rambling. This board is quiet enough I thought I'd speak openly.