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  • TBS International: Underwater, but not Sinking [View article]
    The stock is currently trading at roughly 80% of book value meaning that if the company were to shut down tomorrow and liquidate its assets, investors would come away with a 25% increase.
    ++++++++++++++++++++++...

    Do you really believe that those 20 year (plus) old vessels purchased less than six months ago are going to get $30 million or more if sold now?

    S&P market is closely related to freight market. Freight down resale prices down. Those $30 million vessels may not get $3 million if the market do not recover.
    Nov 05 22:41 pm |Rating: 0 0
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