Only a 37M float on the stock after the top 3 owners, all who work for the company, so there is little stock out there.
Also, it was not a broker sponsored IPO, but a shell company, or rather a stock company that changed its mandate from polyshield to dsox. All of these leave us with NO institutional interest.
Once dsox is done either on disney or lms, I can assure you there is massive INDUSTRY interest.
One way I look at it is if they get it going, roll in massive orders, and become a wall street darling stock-look at the eps of amzn and nflx for some comparisons of massive sales growth companies, but with little to no earnings per share and what high valuations they can achieve, then compare it to the dollars per share we may be earning in 2017- you may be a bigger owner of stock than most mutual funds who are trying to buy new positions in the $10+ share range, provided we are not bought out.
My big concern is of a worldwide market meltdown of any kind, which of course will hurt trade, shipping profits (which are already under pressure) and lower oil prices further. We are a big capex company.
FWIW, we can also thrive and or survive by just selling fuel under the refineries price. With a shoreside dsox, we can buy cheap HFO or IFO and capture a bunch of the current $300 spread for ourselves while shipping companies delay during possible bad times. |
