2 Capes is 2 Capes. It'll maintain the workforce, abit of drip...

2 Capes is 2 Capes. It'll maintain the workforce, abit of drip feeding. There can also be big players manipulating the price, be it big holders, shorters, who knows.
I buy a stock based on the value I believe it holds.
Last I looked, USA wants to project force worldwide, which requires ships. USA has an issue when it comes to shipyards, they closed alot after the fall of the wall.
The market cap when I purchased was 600 mill. Given their assets, they are an asset to strategic military moves back home in Aus, and in the USA. Absolute bargain IMHO given the facilities, just may take a little while to mature, but after the cut of profit in January? and drop of share price, opportunity arrose.
I kick myself for not selling in the mid 2s and buying back in after the hot air escaped, but I don't believe in buy/sell/buy/sell method, and will allow this to mature properly when some contracts come along both here, and in USA I'd expect in the next few years.