When I initiated Deep Sea Supply (OTC: OTCPK:DSSPF) on August 16, 2013, the main focus of the article was on a potential acquisition of the undervalued company. Since then, the stock has been moving sideways with the market looking for a major acquisition or growth trigger.
The growth trigger was finally announced on June 02, 2014, and the stock surged by 8.9% on the day of announcement on Oslo stock exchange - DESSC.
The company announced the acquisition of 100% of the shares in PSV Holding Inc and through this acquisition, Deep Sea Supply will add 10 PSV's to its fleet. This re-initiation discusses the acquisition and its impact on the company's revenue, EBITDA and dividend...
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