If the stock can get back over $1 no R/S will be needed
BTW they just did a R/S last year
Shares in embattled US-listed (re)insurer Tower Group fell sharply last week (down circa 30 percent) - compounded by founder Michael Lee being forced to sell $12.6mn worth of stock because it was collateral for a Citigroup loan - and continued to fall today (23 September).
To add to Lee's frustrations, if he had sold the 1,233,460 shares less than two months ago they would have been worth almost precisely double what he was forced to sell them for.
Cramer said buy F at $8, BAC at $10, AMAT at $11, RBS at $9 Sprint at $5 RAD at $3 and CVS at $30
If he says buy the Dry Shippers and hold them for 2014 I agree
To regain compliance with the NASDAQ minimum bid price requirement, the Company intends to effect a reverse stock split of its common shares in a range between 10 and 20 shares to one. The Company anticipates announcing the final ratio of the reverse split before the opening of trading on October 1, 2013 and that the reverse split will become effective at the close of trading on October 15, 2013. The final ratio and amount of the reverse stock split will be determined based on prevailing market conditions and other relevant factors.
Cramer was a hedge Fund manager at GS for years
he has people "in the know"
He knows how to read the financials and do research better than most on this board
BTW, He is also a millionaire
No he is not always right but neither are his haters
Most are up since
RAD is the most
"They have diluted the stock to the point where that is about the same market cap"
Dilution can be fixed with buybacks and intuitional purchases
See SIRI They had Billions in dilution...It went from 5 cents to $4 with no Reverse split!
This stock can go to $10 with the dilution they have
Of the five stocks we’ve looked at, only Safe Bulkers has a positive earnings forecast for the next few quarters. None of the others is expected to post a profit for at least another 12 months. That may change soon.
Shares of DryShips are up 8.8% in Thursday mid-afternoon trading at $3.58 after posting a new 52-week high of $3.75 earlier today. This is nice, but DryShips traded above $120 a share in late 2007.
Eagle Bulk Shipping shares are up 20.6% at $6.49 after posting a new high of $6.84 today. The 52-week low is $1.32.
Genco shares are up 9.3% at $4.35 in a 52-week range of $1.12 to $4.98.
Diana Shipping’s shares are up 3.3% at $12.46 in a 52-week range of $6.45 to $13.24.
Safe Bulker’s shares are up 2.1% at $7.16 in a 52-week range of $3.12 to $7.65.