There are rare instances when a stock returns 200% or 300% in a year. American Shipping Company (OTCPK: OTC:ASCJF) and Oslo "AMSC" has given returns of 320% over the last 13 months. There are strong fundamental contributors to the rally and this initiating coverage discusses the positive factors related to the company and industry, which will help the positive sentiment to sustain. At a current market price of $8.07 and a market capitalization of $490 million, American Shipping Company is a good buy and hold with a long-term investment horizon.
Established in 2005, American Shipping Company owns and bareboat charter out US built product tankers to US citizen operators, who in turn time...
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