Jun. 17 at 1:31 AM
$USEA This is a little known shipping play with an OS of 9.54 m shares, short float nearing 12%, uptrending CTB, and a very appealing chart. I’m actually thoroughly impressed with this company and its board’s moves:
1) Divestiture of their offshore energy development assets in February for max profit and debt pay down. Timing was impeccable there.
2) Pivoted to dry goods via the addition of two Capesize vessels (higher profit margin), instead
3) Improved AEBITDA from
$0.9m to 3.2 in Q1 of 2026.
4) Declared a monster dividend of
$0.10 with ex div date of 06/29
5) Recent insider purchase on 05/22
I can see this rising to the
$4-5 share range in the next two weeks with ex-div date approaching. I’m going to snag a stake myself. May turn out to be a nice mid term hold here. DD and GLTY. NFA as always.
