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Eagle Bulk Shipping Inc. Message Board

  • mfl101 mfl101 Jun 25, 2010 3:30 PM Flag

    GS presentation

    Either management are the best liars in the world or everyone will be REALLY happy in a couple of years. He's saying they're fully funded for newbuilds. Once all those ships are on the water EGLE will be a cash cow. All that $$ going for CAPEX will start flowing to shareholders. In 2 years the average fleet age will be under 5 years!! 47 ships averaging about $10K/day x 360 days/yr ~ $3/share of free cash flow!

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