Stock is down more than 2% this a.m......My guess is that, other than a little due to the market's negative open, most of the move is in reaction to reports of more bird flu. CNBC, in particular, because they listed CALM as one of several companies potentially affected. There was no mention of the fact that CALM has not had any incidents (at least not yet).
I hope that you're right, but don't expect to get away without a cut. In any event, we should know soon, as the announcement is about due.
I expect that they will cut the dividend, as indicated by the CEO in his recent letter. But, with oil prices stabilizing and the delay in delivery of the ships, the cut need not be drastic. A nice level would be around $0.25 per share.
This doesn't look like massive dilution to me....adding about 6% to the share count. And I expect that the new funds will be invested to generate enough income to actually add to eps.
Now and then you can get burned by the market when you enter a trade request with a limit on price, but without specifying a minimum number of shares. Most of the time it works OK, but I've had cases where I put in an order to buy or sell several hundred shares and had only a couple of shares trade because the stock moved at just the wrong time. With a low priced, inactive, stock you have to be particularly careful.
I believe that the flurry of selling near the close was probably some folks selling in anticipation that earnings will be bad...which they probably will be. For those who invest for periods measured in months or years, however, it's not the earnings that are important at this time. I'm much more interested in what is said on the conference call. What we need is evidence that the test is beginning to be accepted by doctors, patients, and insurance companies. Tomorrow will be interesting, and probably volatile.
Looking at Intertanko, I notice that for virtually all tanker types, rates are holding up very well. Compared to last year they are all in the ballpark of $10K per day higher in '15 than '14, except for VLCCs which are way higher.
Just google "Blue Fighter" and you'll find that it's coming and going from the port "Peterhead" about once or twice per day. Don't know who it's booked for.
Blue Viking: CNR UK / SUPPLY DUTIES, D/D 28
It looks like the fleet is being well utilized. This should lead to continued good dividends.
This is a quiet board. But, I believe that this company is set to show rapid growth of earnings and dividends in 2015. Strong rental market and rising home prices should help boost profits. Book value over $28. I expect good earnings and an upbeat call.