Mar. 25 at 8:50 AM
$CISS A fantastic dilutive machine.
OS currently around 3M... but OS fully diluted >120M... corresponding to a fully diluted market cap of 100M and a fully diluted PE = 24
Considering the sector, and the dilution rate vs. growth rate it's still slightly overvalued.
Probably the current fair value is ~
$0.4
In fact, shorting it isn't free with a short borrow rate of >100, higher than the avg annual price capitulation rate.
On average also shorts lose, certainly less than longs, but they also lose ~30% per year
So who profits from all this?
Only the shipowners.
Good luck everyone!