it's becoming clear that the story on GSL is that it's a play on the credit of CMA CGM and therefore of France and the whole of Europe. That's not a good story at the moment.
All I gotta do is look at Italy 10 year bond yields to recharge my cautious overall stance (chuckle).Love the HDGE ETF for hedging some of my longs in my managed retirement-accounts.-Fernando
Hi Edge. I think you were looking for this trading pattern to stay about the same as dry docks come ,as well as European general debt over hang. Perhaps q3 of 2112 will reward the patient?
that article is dated September 5...old news
My take on the recent trading activity is that a number of shareholders are expecting the November LTV test to exceed 75% and as such as getting out before the 'bad news'.I'm hoping we do break the 75% number and the stock sells off! =D. Give me some $1.5 shares baby! -Fernando
assuming you can even get shares, you'll be short the dividend, which isn't great...
I'm not so sure that 20k volume, 45k dollars, really says anything about anything :).-Fernando
with the Yildrim interests having veto power over significant capex by CMA And using it, company specifc fears should rightfully moderate, in my view. alot of other shippers will go down well before the French Flag line.
market is pricing in a 2008-09 melt-down at this point...