FRO going in opposite direction.
sorry going lower as indicated
this should be trading over 5 bucks with rates at record highs and it is calling itself largest tanker company in the world. Something seriously wrong with this stock. Most here would all agree.
If they announce a dividend say. 10 percent yield only way stock price goes up. They need to announce some earth shattering news Aug 30th before smart money start to buy in.
Rogers so you not think if FRO was going to trade at 3 dollars it would have by now Just look at all the positive articles out last couple weeks even some guests on CNBC turning bullish and positive outlook for tankers by by Jefferies. All this yet FRO ( largest tanker company) trades at 2.50 but rest of tankers trading much higher. Been in this game long enough to know this stock is completely broken and cannot be fixed. Damage has been done.