Interested in more dry bulk shipping? SB ipo, I looked very briefly at the revenue and income on this thing and it appears to be on par with EXM. At its IPO pricing its market cap is also very similar with EXM, which means that it is not under or over valued.
Too many IPOs and second offerings (GNK) might be a bad sign, but you should know SINO is NOT a bulk shipper, it is more of a ‘service’ play for the shippers.
Great call! You sure you didn’t steal the Fly’s time machine?
Nice buy!
Interested in more dry bulk shipping? SB ipo, I looked very briefly at the revenue and income on this thing and it appears to be on par with EXM. At its IPO pricing its market cap is also very similar with EXM, which means that it is not under or over valued.
Too many IPOs and second offerings (GNK) might be a bad sign, but you should know SINO is NOT a bulk shipper, it is more of a ‘service’ play for the shippers.