Feb. 9, 2021
Here is the link.
Take my notes:
- Dilution concern - buy more vessels
- Long term - fundamental business, back to fundamentals
- Pump and dump - Justify the price hike
- Speculate short term - maximum 2 to 3/ share or 5/ share, crush back down
- Long term growth investor - stay away ......
- Massive dilutions of shares - keep giving more shares. 1.5 billion shares - more issues of share - market capitalization
- $5/ share, guarantee - crash way back down
- Warning - quick and get rich scheme
Penny Stock going to the moon? or Just another PUMP and DUMP Scheme? Should you Buy Hold or Sell or Castor Maritime Stock (CTRM Stock) today? As a former Wall Street Stock broker I go over a highly detailed analysis and list my recommendation. #CTRM #PennyStocks #CastorMaritime I am former Wall Street stock broker that has worked for one of the largest financial firms on the market back in 2007-2008 market crisis and I am here to give you my analysis of Castor Maritime Stock analysis going into 2021 and beyond. I will go over a summary of the company, its product offerings, recent news, financials, analyst projections and Give it my BUY HOLD OR SELL Recommendation. Castor Maritime Inc. is a Cyprus-based company. The Company is engaged in the ocean transportation of dry bulk cargoes worldwide through the ownership and operation of bulk carrier vessels. It also aims to increase its fleet through acquisitions of new and modern vessels. Essentially, it uses its vessels to transport everything from iron ore to grains to cement and sugar around the world. In other words, it may not be the HOTTEST business, but it is an important one. The company made its debut on the Nasdaq exchange in February 2019. While the stock rose higher in the following few months, shares eventually tumbled. Unfortunately, the company suffered from bad timing: the global economy was under pressure from the U.S.-China trade war back then Then during the 2nd half of 2019 the U.S.-China relations started to thaw out and then Optimism kicked back in However, this was a short-lived benefit for then stock when the coronavirus pandemic moved throughout the world which basically sent the shares nose diving. Last week the company shared that through its subsidiary, it agreed to purchase a Kamsarmax dry bulk carrier. This vessel was built in Japan and comes with a purchase price tag of $14.5 million. Additionally, this purchase is not the only one for Castor Maritime. The company said that this acquisition is just part of its larger growth strategy. In the same press release, it said that this acquisition comes after a recent announcement of another Kamsarmax purchase. When these deals wrap up, the company will have six Panamax vessels, two Kamsarmax vessels and one Capesize vessel.
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