at this price even with dividend reduction and or (hope not) cancellation - this seems like a really good value play. I don't believe they are in financial distress but it is priced that way at moment. Odd that its so far down when market is up today on heavier than normal volume. somethings up
Well I don't want to think that it's all tax-loss selling here because that would be too easy of a reason. Something is up. The CEO has been very confident on div and that these pending charters would be replaced. But these 5 ships (4 Supras and 1 Cape) is a lot to negotiate and we don't need to see them docked at all earning zero.