Last Thursday, Excel Maritime posted an extremely confusing earnings report, again. The report is filled with a great number of usual non-cash items, unusual non-cash items and other extraordinary gains and expenses.
The most confusing part of the report is “Time Charter fair value amortization” in the income statement, which makes up the majority of revenues.
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Excel Maritime reports a loss of $0.13 per share ex. items
Last Thursday, Excel Maritime posted an extremely confusing earnings report, again. The report is filled with a great number of usual non-cash items, unusual non-cash items and other extraordinary gains and expenses.
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