Thanks everyone for you analysis. Last month I got out of DRYS (tax losses) and put that money into FRO, which went up more than 40% since, hence didn't want to add more, so added some TEU instead.
Looking at the number, I tend to agree with gw12345 and etradeemployscriminals below that this one looks to be more promising than others in case rates get better. Any negative that are not obvious? Any suggestions for a better speculative bet in the industry ?
Look at the all time chart and stay away from it IMO. I am surprised they are still listed.
following line from first post tells everything there is to know about that post:
"Disclaimer: We own 550,000 shares of GRO and intend to sell them"
Agree. At 21, the forward P/E is less than 10. It will be great opportunity to buy this one at less than 10 PE, specially near the bottom of the EPS trend.
Well.. did it loose the value or did it become cheaper, hence better value ?
I see the EPS estimates increased after earnings.
Current Estimate 0.13 0.15 0.52 0.66
7 Days Ago 0.10 0.13 0.46 0.63
SVU has been one of my best purchases - started adding when it was trading around 6 - rode all the way through the 1s and loaded up in the 2s. Out with half sometime back and keeping half to see where it goes. There is still very heavy short interest.
RNDY is another one - trading now in the 9s from 4s.
Look at the timing. Right before options expiry. Hold for Long term - even if it goes 21, it will bounce back hard. At current earnings estimate anything less than 35 is cheap.
This bounced back hard from 8.55.. too bad I couldn't add more.. Now will wait for this run to subside.
Tangible book is as 8.5, and the co. looks to be in much better shape that it was 2 years ago..
I am adding in small chunks right now, if it goes below 8.5, it will be time to loadup.
I have added this in 6's and unloaded most of it in high teens and low teens earlier this year.. looking to get back in.
The way it jumped after the drop suggests that there is significant buying interest below 30. So what I am doing is - around a code position, buy around 30 and sell at 31.