Not too often I get in the weeds.
Currently 400 shares down $115.
09/21/2021 12:52:14 Bought 100 PAE @ 5.94 -594.00
Estimates for 2022 are for .82. A 10 PE wouldn't be out of line.
Currently 1400 shares down $495.
09/21/2021 14:40:01 Bought 200 PANL @ 4.66 -932.00
Sometimes I just go hmmmmmm. If earnings hit the estimates for this quarter, 12 months earnings
will be $1.15. PE of 4.05. On 2022 estimates of $1.51, PE 3.07, but who can really predict
shipping prices a year out?
Unless things have changed, seems earnings this quarter should measure up.
"Our quarterly results improved considerably year-over-year as our average net TCE earned $21,053,
an increase of almost 100% compared to the second quarter 2020."
"Our TC (sic) [ TCE ] earnings continue to improve heading into the third quarter. As of today, we
performed 2,530 shipping days through August 9 at an average TCE rate of approximately $27,000 a day.
Could be end of fiscal year fund selling, or maybe someone knows something I don't, like they always do.
I don't think three days of higher than normal vol. comes from this, bwdik.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On September 20, 2021, Pangaea Logistics Solutions Ltd. (NASDAQ : PANL) reports that its Chairman and
Chief Executive Officer, Ed Coll, is not able to perform his duties due to a sudden non-covid related illness
and will be on medical leave. In Mr. Coll’s absence, the Board has appointed Mark Filanowski as interim
Chief Executive Officer. Mr. Filanowski will also continue to serve in his capacity as Chief Operating Officer
of the Company until Mr. Coll is able to return to his position as CEO and Chairman. |
