@calvinblissett @christankerfund yes.. but they will be undercutting their own middle-aged ships in 2-4 years time. this sort of massive newbuild ordering was what caused the depression in the sector in the 2010's. They should be spacing out their orders more and stop adding debt before the music stops.

@SkidbladnirWind @christankerfund I have seen that average PT is around 57, which is still below management's own NAV estimate.

@MichaelRdebusc1 @christankerfund those just got extended to july (probably charterer option)

@MadisonLackey44 @joeriwestland @Shipping_VIE If charter rates hold steady until summer, they should be able to get much better rate on their largest vessel (chartered up to October) and also some bump on the two 4,250 ships coming of contract in July. That would ensure a very good 2026 .

@FishtownCap @christankerfund @J_M_G_B_ those purchases are already included. as of today they have 31m left to buy (200-169). they should go through that by the Q1 earnings date. Hopefully we get a new BB program announcement then. If not, I might trow in the towel

@FishtownCap @AyusoValue 🤦

@SimpleJohn12 @daiminghao @MadisonLackey44 @christankerfund $DAC is also renewing and expandindo their fleet. But I think $ESEA is better insulated from the inevitable downturn that will come, due to their exposure to the feeder/small intermediate segment, which has very low orderbook and higher fleet age.

@BrianJa76591910 @DonDurrett @RemoLalli it does not "create" anything as the gold is already there. it is just an accounting change. they can borrow against it, though.

@FishtownCap @christankerfund *Coustas

@carpool_ceo @tradedollarnut @LecatesChris but in practice it is just a different kind of debt. when they reestructered in 2014, some of the previous creditors that ended up owning equity post-reestructuring were ship lessors.

@pedrospereira7 @larturpereira @SICNoticias então se eu no natal oferecer a alguém uma viagem em maio, deixa de ser prenda de natal? és muito cromo é por vais levar block.

@pedrospereira7 @larturpereira @SICNoticias então explica lá o que foi que percebi mal?

@pedrospereira7 @larturpereira @SICNoticias segundo percebi, a Prozis vai pagar esse prémio a titulo de participacao nos resultados (tem vantangem fiscal para os trabalhadores) mas isso só pode ser deliberado em sede de assembleia geral, na aprovacao das contas de 2024, o que obviamente só ocorre depois do fecho anual.

@daiminghao @MadisonLackey44 @christankerfund Actually the % of ships less than 3 years old is higher at $ESEA than $DAC.

@MadisonLackey44 @christankerfund Danaos net debt should be around 300 mill and the Starbulk investment should be around 70 mill, so they are still in net debt position. agree that they have higher buyback potential.. but so far that's just it.. potential

@MadisonLackey44 @christankerfund Euroseas has higher div yield and lower PE but higher EV/EBITDA due to higher net debt (relatively speaking ofc) and also lower charter coverage. Also they are basically a feeder/small intermediate vessel Co. which I think is a plus, due to lower orderbook/higher fleet age.

@RobertJThomas1 @ianbremmer the federal budget was never just 3% of gdp since at least 1930. In 1980 it was about the same as 2024.