Dalrymple

Global Ship Lease: Heads I Win, Tails I Don't Lose Much

www.joc.com/node/411692
Guess some change in the cash balance over the quarter...


On Aug 12 12:03 PM Michael Demaray wrote:

> CMA CGM had over $1B in cash at the end of Q1. Financials are posted
> on Bloomberg.

Global Ship Lease: Heads I Win, Tails I Don't Lose Much

CMA stopped working with the rating agencies at the beginning of summer after its credit got downgraded. They decided not to "supply information" to them anymore. I am sure that makes the bankers nervous about the GSL's stability of contracts. CMA allegedly has a very low level of cash reserves.
internationalshippingn...

Highbury Financial: A Forgotten Money Manager

How about the warrants at a penny? Would you consider that a good "arb"?


On Jul 21 07:31 AM buyitcheap wrote:

> Good assessment of the warrant "arbitrage" opportunity.