sometimes there is more to a company than just the balance sheet. all we here on this board is how the div is not subsainable. who care it propally isn't. how many companies out ther give a 20% div? they could cut it in half and i still wouldn't sell. we all know shipping business sucks. I am putting my money on a good manegment team, that's what i am betting and could care less about the current fundementals. So no i can't debate your concerns. But I could also care less
Long and strong! Hey you buy when things don't look so good. Hopefully one day things will look better and by then this stock will be over $10. It was housing last year and maybe shipping later this year. I do know that when the change comes all the stories will flip 180 degrees overnight.