We are all going to very happy....very soon...my long term investment is now within a year from paying off.
For further understanding....lets see 2 other very similar corporations that are in the same water transportation businesses...not bulkers but OSVs and barges:
Kirby (KEX) corporation has a P/E ratio of 14.8 and that is with a future revenue growth rate predicted for next year of just 2.2 percent.
Hornbeck Offshore (HOS) has a P/E ratio of 28 and that is with a future revenue growth rate predicted for next year of 14 percent.
ULTR has a future revenue growth rate predicted at 20 percent for next year. Not my predictions listed here...these are analyst predictions.
Of 77 water transportation companies only 13 of them have a P/E ratio above their industry's standard (water transportation stocks) and of significance...most of them are in the business of offshore support. Of those 13 only one has a predicted revenue growth rate greater than ULTR's. The stock....Golar LNG Ltd (GLNG)...its P/E ratio is 38.