It's a Greek Tanker company with outstanding fundamentals that
George Economou (Billionaire shipping magnet) took a position in
and then made a low ball contigent buyout offer at $3 that was
rejected by management. He has also filed a lawsuit in NY Supreme
Court. Take time to review ALL such news if considering. It trades
at such a discount due to prior shenanigans from management self
interest dealings. Company also has a stock buyback in place
which you can track to see how aggressive it is implemented. I have
pointed out several tanker stocks for months that have
performed extremely well..use the search function above to see
prior posts on tankers.
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Any updated thoughts on this
PSHG
Posted by bulf6285 on 24th of Jan 2024 at 02:38 am
Any updated thoughts on this one? Remember in one of the newsletters some remarks about internal fundamentals and perhaps insider calls.
It's a Greek Tanker company
Posted by steve on 24th of Jan 2024 at 07:26 am
It's a Greek Tanker company with outstanding fundamentals that George Economou (Billionaire shipping magnet) took a position in and then made a low ball contigent buyout offer at $3 that was rejected by management. He has also filed a lawsuit in NY Supreme Court. Take time to review ALL such news if considering. It trades at such a discount due to prior shenanigans from management self interest dealings. Company also has a stock buyback in place which you can track to see how aggressive it is implemented. I have pointed out several tanker stocks for months that have performed extremely well..use the search function above to see prior posts on tankers.