The big question is how did the Republicans find a way to lose the 2012 election, there was no way Obama should have won that one. It was written in stone in 2008 that who ever won that election was doomed to one term because of the measures that would be necessary to pull us out of the hole. The Republicans screwed that one up on their own, Obama should have been retired in 2012. And now Trump?
Read your article, trying to figure out the implications to NVGS. The stated purpose of the Dragons is to move large sums of Ethane from the states to Europe. One would guess that there will be an impact on NVGS tough they did say that the product would be destined to a specific company for the production of plastics. At the same time the NVGS CEO made a statement that he was not interested in large gas carriers;
"We have -- we have been the consolidator in the LPG space, particularly the handy semi-refrigerated, the sophisticated part of the LPG space. I have no interest in very large gas carriers. I think that's too simple a business. We are in a business that's evolving. Technically, it's a very difficult business. Commercially, it's more challenging, but those challenges and those difficulties give us a huge competitive advantage and we are exploiting and exploiting very nicely. We know every vessel that we compete against. And with the exception of maybe four or five vessels that are operating in the water today, I have absolutely no interest and you can be assured that those four, five vessels we have already tried to buy. So, no, so, I guess you get the idea. We know what we're doing and we know the vessels."
Is the CEO just being overly confident in the face of these new ships or is it that they are actually not a significant threat to NVGS's part of the market.
When the restructuring news first broke I calculated the value of the existing shares at 12 to 13 cents, if it gets to 5 cents like you say I might just get back in for a short trip.
What I don't like is Turkey meal and chicken fat in a $60 bag of Lamb and Rice dog food and learning they had by-products in a premium food when they said there wasn't any. NO sarcasm.
You are not going to stop the illegals from coming across the borders with a fence or border security, if you want to fix the problem you need to pound the businesses harder that are providing what they are coming across for, paychecks. The ones who hire the illegals know it, why else is it that they can get away with paying them so little.
The percentage of short sales yesterday plummeted on high volume, new money or shorts covering. Hoping it was new money.
You ought to search Monkeys falling from the sky, I did the last time I saw you post that comment. There is some good video of them doing just that. My favorite was the one smelling his finger.
Starting to look my self, in general here is how the debt breaks down, believe the info was from IBD;
Greece's primary creditors — the European Commission, the European Central Bank and the International Monetary Fund — held about 75% of the country's $385.7 billion in total debt at the end of 2014.
German banks held $11.88 billion of the debt at the end of December, according to data from the Bank of International Settlements. U.S. banks held $11.3 billion, and British banks were third in line, with $10.9 billion.
Among the remaining private creditors, Dutch, Italian and French banks held a combined $4.2 billion in Greek debt.
Tangible book is around $16, DDC is almost a dollar below at this point. There should be some support somewhere around the current price. Nothing like a kick in the assets.
Asbury, I came up with .234 cents prior to reading your post, but never mind, thinking about it that assumes that the bonds are worth par, you might want to check on the current value of the bonds and then do the math. Lets say the bonds are selling at 50 cents on the dollar for arguments sake then I would be valuing the current shares at 11 to 12 cents. I ran in to the warrant/rights issue with some AIG preferred with the rights expiring worthless, in hind sight they were meant more for appeasing us that our equity was not being taken from us.