Early Retirement & Financial Independence Community - View Single Post - My "Core Plus" Strategy

brewer12345 · 10-06-2006, 11:21 AM

MM, take a look at BULKW. I think the company's net asset value of the fleet alone is at least $6 a share, and the port and other assets are probably worth $.50 to $1 a piece. Industry fundamentals are extremely favorable, so I actually think that the company is worth more than net asset value. If it continues being this drastically undervalued, I suspect they will either go private or someone will come along and buy them.

10-06-2006, 11:21 AM	#7
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,990	MM, take a look at BULKW. I think the company's net asset value of the fleet alone is at least $6 a share, and the port and other assets are probably worth $.50 to $1 a piece. Industry fundamentals are extremely favorable, so I actually think that the company is worth more than net asset value. If it continues being this drastically undervalued, I suspect they will either go private or someone will come along and buy them. __________________ "And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible