SHIP has a new cape coming that they just bought but have not yet reported. 182,618 2016 built vessel.
May 19th SHIP filed a 6k indicating it has received a delisting notice. This is the first step of a long process. They must get the stock back over $1 for ten consecutive days out of the next 180. See how it goes. Probably a reverse split since the don't file quarterlies anymore.
come on baby up up
DRYS is beginning to come back which is good for SHIP. It may be a good time to test the waters and make a big move while it's cheep?
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.5 In other words, the correlation coefficient of the other stock
This stock needs to rebound big time.
think we r dead in the water
TOPS is low now but is about to rebound. Good time to buy in.
Thursday will be the day that the stock has traded under $1 for 31 trading days, I believe. Will trigger a delisting notice by the Nasdaq. Could easily lead to a reverse split. Easiest fix.
$ship has 9 Capesize ships in May 2017. Cape index (BCI) +50, to 1695, cape rate +$337, to $12741 on May 11, 2017. While in 2016, cape rate was $5552.
$ship runs capesize ships. In 2017, cape rate is higher than $12400, while in 2016 cape rate was $5521, more than doubled.
doubled my holdings on SHIP to average down my price per share. Need a rebound of this stock. Cmon SHIP.
$ship runs capesize ships. Cape index (BCI) +10 and reachs 1646 today. It keeps going up. Will $ship profit from high shipping rate?
Jeffrey what are you talking about? What I would like to know is are they going broke or do they make some earnings. Worry about how low the stock price will go? What do you think or know? Thankyou
A Yahoo! user
Unfortunately.. it seems to be getting lumped in with the other low priced shippers like drys, dcix and tops.. thats all i can figure
I just wrote covered calls on another stock and then used what cash I had in my account to buy more SHIP. It won't make me rich or break me, but the fundamentals seem to indicate this company is undervalued. The management is very stock holder oriented and those shorts will have to cover eventually. I think the next quarterly report will lead to some significant gains, but at these prices, why wait and (excusing the pun) miss the boat?
Amazing how everything regarding SHIP is much improved since 2016 including, as you mention, cap rates, but also including company's total asset value which is now nearing $300 million (it was $257 million by end of 2016 and $209 million by end of 2015) with revenues nearly tripling to $34 million by the end of 2016 from only $11 million by the end of 2015 and yet the share price and market cap is near all time lows. SHIP is the bargain of the decades; The only reason shares are down so much is because of another shipping company called Dryships with a criminal CEO who single handedly is severely ruin DRYS shareholders but has also ruin the share price of many other shipping company's including SHIP; I have been adding and believe fundamentals command a share price towards the middle of 52 weeks range.
I sold the pos drys and bought ship today too. Stay away from drys and anything George e touches.