SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: anializer who wrote (33448)2/5/2009 5:22:56 PM
From: MCsweet   of 78673
 
ULTR,

This looks a very interesting possibility, but I'd have to do/see some research before saying it is hard to get hurt at these levels.

In particular, what about the implosion in shipping rates and the $400 million in debt? Even if they locked in their rates, they look like a small company whose counterparties might renege on their contracts.

BHO has already had someone default on its contracts.

Thanks for the idea,
MC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News