The shipping industry plays a crucial role in transporting goods and raw materials around the globe. Some 80% of goods globally are transported by ships.
I think this article is somewhat biased. They state that $CTRM being up almost 742.7% in revenue is worse than $CMRE's 49.1% growth during the same period because CTRM did it with 97% utilization of its ships. But they failed to note that CTRM has also acquired more ships with anticipated growth.
The other main issue is the liabilities of CTRM going up because they secured a loan... that's a good thing but the writer doesn't see it that way.
Finally they harp on past trends as if it predicts future price. The author stated that CTRM exceeds its intrinsic value ignoring that its price is below its book value and also commenting on having a high P/S average since there are individuals holding at a higher share price when it was oversold. Some would see this rather as an opportunity understanding that if those holding have held this long, will wait for it to return to break even or profit from.
2 Shipping Stocks To Buy, 2 To Avoid
I think this article is somewhat biased. They state that $CTRM being up almost 742.7% in revenue is worse than $CMRE's 49.1% growth during the same period because CTRM did it with 97% utilization of its ships. But they failed to note that CTRM has also acquired more ships with anticipated growth.
The other main issue is the liabilities of CTRM going up because they secured a loan... that's a good thing but the writer doesn't see it that way.
Finally they harp on past trends as if it predicts future price. The author stated that CTRM exceeds its intrinsic value ignoring that its price is below its book value and also commenting on having a high P/S average since there are individuals holding at a higher share price when it was oversold. Some would see this rather as an opportunity understanding that if those holding have held this long, will wait for it to return to break even or profit from.
Castor Maritime vs. Danaos: Which Shipping Stock is a Better Buy?
Really not a fan of $CTRM.