AUFSTEHEN + DECK SCHRUBBEN !!! :-)
Lesen:
In Summation
- The company has strengthened its balance sheet and from my notes has around 85 mil in cash, with only 30 mil due in short term debt. This working debt helped the company expand it fleet. So after the debt payment company will still have a strong cash position of around 50 mil. With Only 60 mil shares outstanding after the offering ... See More and only 42 mil in the float the capitol structure should be reflecting a much higher price. Going forward, the company has 95% of it contracts locked for 2010, so say we assume they make at least 60 mil next year, we could see as high as a 1.00 eps, that's right around where the stock is trading now. Now on average most stocks have a 15 pe, well according to these valuations one would take the eps for the year and times it by a pe multiple on average 15. This would mean that trading at a pe of 15 the stock price would be 15. Even if trading at a 5 pe the stock would be around 5, this is the most compelling reason that ship seems to be way undervalued.
investorshub.advfn.com/boards/read_msg.aspx?message_id=48614429
Lesen:
In Summation
- The company has strengthened its balance sheet and from my notes has around 85 mil in cash, with only 30 mil due in short term debt. This working debt helped the company expand it fleet. So after the debt payment company will still have a strong cash position of around 50 mil. With Only 60 mil shares outstanding after the offering ... See More and only 42 mil in the float the capitol structure should be reflecting a much higher price. Going forward, the company has 95% of it contracts locked for 2010, so say we assume they make at least 60 mil next year, we could see as high as a 1.00 eps, that's right around where the stock is trading now. Now on average most stocks have a 15 pe, well according to these valuations one would take the eps for the year and times it by a pe multiple on average 15. This would mean that trading at a pe of 15 the stock price would be 15. Even if trading at a 5 pe the stock would be around 5, this is the most compelling reason that ship seems to be way undervalued.
investorshub.advfn.com/boards/read_msg.aspx?message_id=48614429