PRGN small one but with high exposer to spot market and they already raised money so no fear from dilution or debt.
trade at half its book value and it's fleet is only 7 years old(may cause a huge upgrade to fleet value)
As of September 30, 2013, the Company owned approximately 13.8% of the outstanding common stock of Box Ships Inc. (TEU) ("Box Ships"), a former wholly-owned subsidiary of the Company which successfully completed its initial public offering in April 2011
Li Ka-shing's bitcoin play is worth emulating, says top economist
Investors looking for a way to make money from the global bitcoin bonanza should steer clear of the pseudo currency itself and instead follow Li Ka-shing's lead: buy in to the firms providing the services that bitcoin holders use.
That's according to John Greenwood, the London-based chief economist of Invesco who designed Hong Kong's pegged currency regime.
"Just like investors in days gone by made more money out of selling shovels and picks to gold-diggers than anyone ever made out of the gold mine, he is investing in the peripheral activity that bitcoin has generated," Greenwood said.
Asia's richest man, Li Ka-shing has invested in BitPay, the digital currency equivalent of PayPal, through his venture capital company, Horizons Ventures.
A spokeswoman for Horizons Ventures said the group would not comment on the details of the investment.
BitPay said it was "fortunate to have the benefit of many supportive investors, including Horizons Ventures".
BitPay, founded in May 2011, handles transactions for 14,000 companies across 200 countries. About half are in the United States, with 25 per cent in Europe and 25 per cent in the rest of the world.
Bitcoin emerged in 2009 as a low-cost way of sending money electronically. It eliminates the need to funnel money through third parties, such as banks or card payment processors. And it is not regulated by a central bank. Currently, there are more than 11 million bitcoins in circulation.
They can be bought and sold on online exchanges or "mined" using high-performance computers.
Greenwood said bitcoin was simply not credible as a global currency as it failed to fulfil three fundamental requirements: be an effective medium of exchange for a wide range of goods and services; be a long-term store of value or be used for the settlement of long-term contracts; or be a universal unit of account.
The virtual currency became popular, especially on the mai
i think they ever better risk reward odds
shipping that finally BDI increasing thanks to high demand and low supply of ships
second,the coal business going to add 800m$ in rev in the next 3 years.
exposer to spot market+new bussines
this is a 5$ stock