noshow, You are absolutely correct. and I strongly concurr. Just keep smiling. In order to make an omlette one has to break a few eggs. and out of chaos comes order. pain is temporary.
formula/ $ 3.20 divide by 26 (26 for one reverse split) and you have .125 cents. It is what it is. Current investors (those who didn't sell yesterday) may now double down a percentage amount to lower cost basis. personally I believe the stock price will go back up to around 4.15, and will take a week or two. Then buy the two for one offering, sell the warrant at $8 and you double your money by 2015. $4.15 divide by 26 equals .165 cents a share. sltd should go back to $4.15 which is where it was when all this #$%$ started. Consider the company is bigger now than it was two weeks ago. western US solar install growth projections for 2015 are thru the roof and off the scale.
With price targets forward 12 months of 3 low, 5 mean, 8 dollars high. Balt is so oversold that the upside now is at 180% ($8) according to Reuters stock report just released.
fuel price in june 2014, has been cut in half now 2015, and will stay low. Shipper pays for the fuel, profit margins are rising proportionally. Rising margin Estimates are in the 30% range for 2015. IN fact, growth estimates for BALT are 32% per anum for the next five years. This handily beats the 5 year s+p estimate of 10%.per anum. Risk verses reward.
your ignorance is appalling. Baltic trading has recently completed fuel efficient upgrades on propulsion machinery on every ship it owns. The new ship was delivered last month. the Most fuel efficient ship on the ocean. Go back and check Baltic trading news from November 2014. If you dig further you will find a statement about the fuel efficient retrofit recently completed. think before you speak please.
Navios Maritime authorized a 50,000,000 share repurchase on 12/04/2014. 2015 will be a good year for elite drybulk shippers, as the world trade expands, triggered by low fuel prices.
one more item. You are implying much lower fuel prices mean balt is losing money. That is absurd. The shipper, not the customer, in fact pays for the fuel, Which accounts for 75% of the shipping costs. If 75% of the shipping costs are 50% lower, then BALT'S margins will improve dramatically in proportion. Now tell me again why BALT is losing money with lower fuel prices, and their new fuel efficient fleet. Trying to understand your thinking process as it relates to reality.
Really believe those shares were free. Those insiders negotiated those shares as part of their compensation (Pay, or money) for working at BALT. People are not always paid in dollars for their work, and so called free stock is in fact part of insiders pay. Monopoly money in this case is currency that is not measured in dollars, but is in fact compensation in investment form, stock.
Insiders are accumulating stock free or with monopoly money, what's the dif. And your point is, ??? negativity or knit picking, good, bad or ugly?
BALTt tis next in line to run up with prgn and drys, so says grapevine news (market pulse) Spot rates for capes means balt is capitalizing on super low fuel price, and their fleet is the newest most fuel efficient on the high seas. Its a waiting game now, as investors become wise. additionally, the BDI index never stays this low for long. China MUST import iron ore, and ore prices are low now. Also, BALT insiders just purchased over 1,000,000 shares on Friday Dec. 19. What does this mean? Is the BALT BUYOUT on the table now? Insiders know BALT is healthy as do I.
When balt pops up 25% for no reason, look for buyout soon. Shorts will cover and magnify the upside velocity. $5+ share offering I have to be in this stock. Massive fuel savings for BALT = Raking in the cash. No fuel hedges. need more reasons? Balt has the newest and most fuel efficient fleet on the high seas, and more new ships online for them in 2015 and beyond. Stock price now reflects baby thrown out with bathwater.
when oil hits $30 a barrel the BDI may be at 500. Ships do not sail unless a profit is to be made. Oil prices account for 75% of shipping rates. BDI is not a profit guage right now. When oil stabilizes, it can be. Shippers who have not hedged fuel are raking in cash right now. China has increased imports dramatically since Nov. because of falling commodity prices/oil. A mirage of ignorance generating fear is happening, and a general misunderstanding of current BDI index as oil prices plummett .from oversupply and manipulation by U.S. government to hurt PUTIN / and the Soviet union.
BDI is down because of low fuel prices which account for 75% of the rates. BDI is not a guage for shipping profits at this time until fuel price stabilizes. Shippers who have not hedged fuel are raking in the cash.
75% of shipping rates are fuel related. BDI is reflecting much lower fuel prices, not a drop in volume. BALT is raking in the cash right now because of much lower fuel prices, new fleet with fuel efficient propulsion machinery, effectively raising Balt margins. As with the airlines, Balt should be soaring, but unfortunately some are still quoting the BDI (like on yahoo Market Pulse ) as some direct relation to volume or profits at this time. As long as fuel oil keeps dropping, the BDI will stay down. When fuel prices are steady, then the BDI stats act as a guage for shipping demand.
3-D panels. Can they be glued on? I don't se why not. The savings will entice demand for solar, and glue-on would streamline installation and increase profit margins.
Short covering occurring now as not much downside is left. balt is raking cash right now. balt has low debt and is a buyout candidate for NM or Genco .BDI is strong so I would expect balt share price to vector up from here.
for making balt go up with your phony sell rating. Everbody knows the analyst have been wrong most of time , so to make money most do the opposite of what they (Zacks analyst) recommend. Some large hedge fund probably bribed Zacks to lower the stockj price and then hope to load up cheap shares. BALT is in a good position now to move up with the new ships, and fuel efficient retro-fit of the current ones. Fuel is cheap, and the BDI index is up strong. Besides Yahoo finance target price is $6 to $8, so balt goes up from here. That's what I See, Mr. ZACKS, and thanks again for the boost.
I have info that GENCO is probably going to buy Balt. In the works now. News is spreading. tomorrows opening bid may be quite a bit higher.