Costamare: The Dry Bulk Sector, FCF Growth Make It Cheap

Mar. 07, 2024 7:38 AM ETCostamare Inc. (CMRE) StockCMRE3 Comments
Dahlia Investments
56 Followers

Summary

  • Costamare is experiencing growth momentum in the dry bulk sector, which could drive net sales and EPS growth.
  • The company has a significant amount of cash on hand and a strong liquidity position.
  • Recent investments in the leasing platform and financing of new vessels could accelerate new sales growth.
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Suphanat Khumsap

Costamare Inc. (NYSE:CMRE) appears to be celebrating recent investments in the dry bulk sector as EPS, and FCF growth momentum increases. Also, expenditures in the leasing platform, and funding of new vessels could also serve as net sales catalysts in the coming

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Currently living in Belgium, I am an analyst with around 15 years of experience in capital markets. I have worked in several banks, and one investment fund based in America, and Europe. I do like investment picks based on value investing, DCF models, and trading multiples. Stock market investments are risky forms of investment available in the financial markets and is suitable for institutions and sophisticated individual investors only. I do not offer financial advice, and all my comments about companies only include my opinion. I recommend consulting financial advisors, investment advisors, or private bankers.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CMRE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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