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Strategies & Market Trends : The Aristocrats (tm) -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (4448)	2/13/2024 7:28:49 AM
From: sense	Read Replies (1) \| Respond to of 5935

Yeah. Better at $1.5 than $3... but... At $3.26/sh... it has $6.37/sh in cash... The ttm EPS were $4.29, although the yoy quarterly income growth was down 31%, so, the P/E might be head back to something over 1 if this negative trend persists... /s A market cap of $81M vs $125M in cash... and no debt. Yahoo says that in December it had 3.71M shares short, and as of January 31... it has 4.41M shares short... or 17% of the float ? ???? I've been looking at REI... which is at $1.35, and is still in a long, extended decline. It has a more appealing "bottoming" chart, perhaps... But, with a market cap of $264M it has $433M in debt... and the P/E is just under 3... It has 14.33M shares short... or "only" 10.73% of the float... up from 13.64M short in December ? REI was a stock that it seems everyone was recommending, last year... featured in all the lists of the "best penny stocks to buy now to make you rich" type stuff... I assumed that's why someone was shorting it... But, who in their right mind would be shorting the small, profitable oil producers and oil related midstream issues, just now ? A P/E below 1... as perhaps in the case of the CTRM/TORO pair... might be an indicator of a company that's undervalued "for a reason". But, when you look beyond "an issue" and see an entire industry, or a segment, that are making money hand over fist... but no one wants to own that money ? If betting on "the big one"... expecting a market correction that will drive us into an economic collapse, with oil going to zero... shorting REI because of the debt load would make sense. But, IMPP has no debt... makes more money than REI on 1/3 the capital... and the short position is LARGER ? The bet there would have to be... that shipping refined products is suddenly something the market doesn't need anymore... when there is zero indication that the market shifts occurring with the war in Ukraine, particularly, are likely to prove reversible ? IMPP is probably the "poster child" for the market reality that we have right now: The war in Ukraine is forcing Europe to "diversify" is energy sources... requiring ship-borne transport. The war in the Middle East is forcing tankers to take the long way around... adding costs... forcing shipping rates higher. And, that means... oil refined domestically in the U.S. has a $5/bbl price advantage built into it... making U.S. refined products highly competitive in the transport markets. For a small shipper with four dry bulk carriers and three tankers... quite a bit of luck to have a fleet of five medium range refined petroleum product tankers... perfectly suited to meeting that need ? So, is it Blackrock being hyper-woke and shorting the junior oils and energy related issues ? Companies like IMPP could easily use... only 10% of their cash... and BUY the entire 17% short position ? I need to poke at the space a bit and see who else is being shorted... that much... TELL... 17.35% of the float... but... reasons, perhaps...