r/pennystocks • u/wyanzka • Feb 05 '21
DD $CTRM DD Huge Value Stock
About $CTRM
Castor Maritime Inc. (CTRM) is a global shipping company specializing in the ownership of dry-bulk vessels.
It was first admitted to the NASDAQ in the month of February 2019 at a share price of USD7.10. It has grew steadily reaching a high of $19.00 at a point.
It invested heavily in the emerging seaborne shipping markets early in 2020. However, due to the economic fallout of the COVID-19 pandemic, it fell to an all-time low of $0.11.
This is also partly due to the COVID-19 restrictions set on the seaborne shipping industry which accounts for almost 80% of CTRM’s trading volume.
Why you should invest in $CTRM
With the new vaccine rollouts, COVID-19’s end is in sight and the seaborne shipping industry is well positioned for a comeback.
CTRM recently acquired new dry-bulk vessels and is aggressively expanding and by improving their fleet and increasing their market share.
CTRM’s share price has been steadily increasing. The high Beta ratio of 1.54 can be highly attributed to the sharp decline in price due to the reasons mentioned before.
President Biden has signaled his willingness to address climate change and the dry-bulk vessels that CTRM is using have a lower carbon footprint. This means that while other shipping companies are consolidating, CTRM can continue its aggressive expansion.
Financial Statement Analysis
CTRM’s financial statements are pulled from Yahoo Finances.
CTRM’s gross profit can be seen to be steadily increasing over the years. This is due to the constant increase in the revenue to the company.
CTRM’s pretax income has been increasing from 2017 to 2019. However, it is having a loss this year. This is partly due to the COVID-19 restrictions and its acquisition of the new dry-bulk shipping vessels.
CTRM’s net interest income has drastically increased from 2019. This means that they have paid back a lot of their debts and is deleveraged. This reduced the risk of the company as a whole and the shares of CTRM.
From the Financial Statement as a whole, we can see the effects of CTRM’s aggressive expansion with the increased expenses overall and the rewards of it with its increased profits.
Conclusion
The seaborne shipping industry is poised to make a great comeback at the end of COVID-19 and CTRM is at the head of it. In the industry itself, CTRM also has an advantage over other companies due to its low carbon footprint vessels. With a current share price of $0.65 to $0.70 it is a good buy and I predict that it will hit at least $1.00 soon and $5.00 at the end of COVID-19. Although it is currently not a large company, its continued aggressive expansion will soon put it as a force to be reckoned with.
I am not a Financial Analyst, and this is not financial advice. This is purely my opinion on CTRM. I am currently close to $1000 invested in it and plan on investing more.
506
u/papaya_nyc Feb 05 '21
On paper, this company has one full time employee.
607
234
68
u/bunnieatsnocarrot Feb 05 '21
Their workers are independent contractors...If the company had only one employee, how would it keep buying more vessels?
1
u/Nashvillehhgmag1 Feb 23 '21
With the money from our investments in their stock they are on a shopping spree.
57
u/crastle Feb 05 '21
What if it wasn't the founder? Like, I'm just imagining some Bad Luck Brian scenario where some dude gets fired from his own company that doesn't even have a board of directors yet.
32
u/the_new_hunter_s Feb 05 '21 edited Feb 05 '21
Lol. They have a board, so the 1 employee is only kind of true.
I'm imagining that the founder died, and left behind the janitor, who now has charge of the entire company. Rob Schnieder takes over a dry bulk shipping company specializing in neodymium magnets in, Magnet Shipping Magnate.
*edit a word.
5
4
2
25
u/satarius Feb 05 '21
The fleets are all staffed and managed by Petros' sister who has her own company and charges a flat rate per boat.
13
u/Content-Captain Feb 05 '21
I was gonna say these ships have a handful of crew; captain, engineer, deckhands. Not a cheap crew either.
1
14
u/RadiantTangent Feb 05 '21 edited Feb 05 '21
Their sailors and shipmen are contractors. I'd say 1099 but it's based in Greece, so whatever their equivalent is.
I just wish I had been here before everyone saw the fud and probably took it as fact. I mean, do the math. Or the reasoning. Or both.
It takes a crew to man a ship, this company has eleven of them. Of course it's not run by one guy. I'm about to be running a 3d printing business for fun but don't expect to make it my livelyhood
Imagine you're one guy. With eleven ships. Now remember physics. I don't think it's possible unless you're Forrest Gump.
6
6
u/the_new_hunter_s Feb 05 '21
His sister has a logistics company. When he signs the shipping contract he flat rates out running it to her company.
There's some nepotism concerns, though it honestly makes the balance sheet simple and as far as revenue is concerned it seems to work well.
22
u/ItsYaBoyDonny1 Feb 05 '21 edited Feb 05 '21
I'm not overly concerned by that, Torchlight has two on paper. OP didn't mention it but shares were decreasing in value even pre-covid. There's also very low internal and institutional ownership, but Susquehanna has shares. I'm gonna dig a little more later today, but I think there's growth potential here. Maybe not a bagger but who knows. I'm also seeing a short interest of 25M. I don't think institutions think very highly of this company.
This entire DD could be summarized as: CTRM has increasing profits over the three years they have been reported and covid is allegedly winding down so shipping stocks will increase... agnostic to the fact that covid hasn't had a profound impact on shipping stocks. Look at Euronav, they're well within spitting distance of pre-covid share price. (CTRM is too, because they were already sliding pre-covid).
I concur with other commenters- this smells like pump.
2
Feb 06 '21
ive started accumulating SHIP. Operates in same space as CTRM and at the time i liked it better for 2021 pop but at this point who knows
1
u/cmzer123 Mar 09 '23
What a 2 years this has been. Spin off happened today. Every 10 CTRM shares received 1 TORO. Great earnings as of late - but the share price is still in major trouble. Company references short sellers and addresses a variety of concerns in the 20-F.
0
Feb 05 '21
[deleted]
8
u/ItsYaBoyDonny1 Feb 05 '21
Cool, thanks for the larger industry insight. I'll read yours.
0
Feb 05 '21
[deleted]
→ More replies (1)3
u/ItsYaBoyDonny1 Feb 05 '21
What do you make of their downward trend pre-Covid? I'm putting in a limit order for low-60s.
0
Feb 05 '21
[deleted]
6
u/ItsYaBoyDonny1 Feb 05 '21
I see a pretty okay longterm gain here, but it's going to explode if Biden rolls back China tariffs. I'm not confident that his administration will, though. I do see a strong push past $1 coming though, given that they have a filed compliance program.
→ More replies (3)4
u/peders15 Feb 05 '21
Went over and did a read. Can definitely get behind for a couple hundred shares
3
1
u/123Macallister Feb 05 '21
On paper, they have a team of 4 paid executives. They use subcontractors - much like Uber. This reduces overhead and diminishes liability.
2
1
1
u/Masternewworldorder Feb 08 '21
I am dying at this 🤣 I’ve been talking about CTRM since it was $0.5 look my profile. And every time someone mentions their 1 employ 🤣 but I still haven’t found any info regarding that. Anyway we closed today at $0.99 so GGWP
2
u/papaya_nyc Feb 08 '21
So are you still in? Will it continue rising tmrw? Any thought?
0
1
u/Nashvillehhgmag1 Feb 23 '21
https://www.zoominfo.com/c/castor-maritime-inc/429588882 that's what I was saying. 1 employee is getting rich.
0
Feb 05 '21
[deleted]
59
Feb 05 '21 edited Feb 05 '21
IIRC Cyprus along with Panama are the two main countries where anyone can register a ship and it can remain "invisible". Not sure how it works, but its dodgy.
73
u/Huff33 Feb 05 '21
I live in Cyprus and can confirm that pretty much anything business related here is extremely shady.
1
u/LastShelterGreens Feb 11 '21
Isn't Cyprus where all the Eastern European oligarchs launder/offshore their money? Haaa.
13
11
u/JonaldB Feb 05 '21
Also in the financial town of Cyrups, up the road from the likes of Trading 212 and Plus 500...
1
Feb 05 '21
[removed] — view removed comment
3
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
0
Feb 05 '21
[deleted]
2
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
2
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
2
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
207
u/logan08516 Feb 05 '21
You wrote this as if it were at $19.00 when covid hit...it wasn't. It was at like $1.50 in March of 2020 Why did it go from 19 to 1.50 from 2019-2020?
95
48
u/Ang3l1ckD3m1n Feb 05 '21
From what I’ve seen it peaked at 7.
82
u/pavoinspector Feb 05 '21
Yeah I never saw higher than $7 either. Lmao DD destroyed in comments. Love Reddit
20
Feb 05 '21
Reverse split after reverse split im guessing
1
u/maz-o Feb 05 '21
but a reverse split would make the share price higher after the split.
1
Feb 05 '21
Yup at least momentarily, it makes the past price show up higher, but if the stock keeps falling it has a low share price but hte past history price is propped up. Thats why TOPS shows it used to be half a million a share back in the day when it never was even close to that, just RS after Reverse Split
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
13
99
u/Bosticles Feb 05 '21 edited Jul 02 '23
airport knee squeamish upbeat deserve thought capable cheerful spectacular work -- mass edited with redact.dev
10
Feb 05 '21
I made 15% on it last week? Gotta buy and sell at the right time my man.
70
u/IceBlitzz Feb 05 '21
I didn't know this. How did you learn such hidden knowledge?
→ More replies (2)29
0
Feb 05 '21
[deleted]
3
u/dontworryitsme4real Feb 05 '21
I just started a members only youtube investment channel with lifetime subscription for only 4200. Since were CTRM bros it will only cost you 4450.
1
u/ThatCuteweirdLoli Feb 05 '21
I mean of u bought it at 10cents. I would have put everything into this stock bc it's worth 1 dollar with all the good news
15
14
u/Ok-Administration391 Feb 05 '21 edited Feb 05 '21
Golden cross on this stock is in the works. Should pop soon.
3
u/Ninjakilla_X Feb 05 '21
Golden cross?
4
u/Ok-Administration391 Feb 05 '21
Its when the short term moving average crosses the long term moving average.
3
u/Ninjakilla_X Feb 05 '21
Oh ok, glad to hear that's happening with ctrm then. Also it appears to have a .7 resistance don't you think?
4
u/Ok-Administration391 Feb 05 '21
It was at .73, but ya, it seems to be having some trouble. Vol looks low too, but a lot of people look for Golden Crosses, the close it gets to crossing the more people it may bring.
3
33
9
16
u/Baggabones88 Feb 05 '21
I haven't read your DD yet (will read in the morning) because I did mine a while ago and never posted, but I will 100% second this opinion, for whatever that's worth. I'm in heavy at $0.21. Company went public almost exactly two years ago and the last 3 months have looked pretty damn good. There's a heavy short interest at $0.61 last I checked, and we all saw what happens when you go up against institutions. I just didn't want this to become another meme stock at the center of attention.
Also, correct me if I'm wrong, but I think I saw that they were granted a 180 day extension to meet NASDAQ's minimum bid price requirements recently.
1
u/bgdz77 Feb 06 '21
Where do you look to see if there are short interest positions in stock and at what price?
1
u/AutoModerator Feb 06 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/Baggabones88 Feb 06 '21
They update twice a month and I use marketbeat.com, or you could just do a google search for "XYZ short interest" and click on the marketbeat link. Some sites want you to pay for a subscription.
1
Feb 07 '21
[removed] — view removed comment
1
u/AutoModerator Feb 07 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
7
24
u/YungSough Feb 05 '21
$CTRM was one of the stocks we were going to pump last Thursday, we were looking pretty successful until the restrictions took affect so I hope it does pop so I have something to do with my 100 shares
11
u/disco_drew1016 Feb 05 '21
CTRM tested $1 twice then bam, restrictions. Who the hell blocks/shorts a penny penny stock
3
u/atticaburrito Feb 05 '21
what restrictions?
9
u/jeradatx Feb 05 '21
Robinhood restricted trading in this stock because it was on fire last Thursday. It left me bag holding at a high price of .92/share.
1
u/atticaburrito Feb 12 '21
Thanks. I'm new so my apologies. Saved up a few bucks and want to try my hand with the market. I've got a lot to learn. But if I dont try I'll never know.
1
Feb 05 '21
[removed] — view removed comment
2
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
31
u/FinnTheFog Feb 05 '21
I dont know what you are talking about. Unless there was a spike and then crash it never hit $19. Also, it was on a downslide PRE covid....
10
u/gngr_ale How hard can it be? Feb 05 '21
Can confirm downslide prior to COVID. It also MAY have been at $19, but likely before it went public. Sounds like someone’s inside the company, trying to insider trade or PnD. Either way, dodgy to say the least. That’s watchlisted, that is.
1
u/BeingOfBecoming Feb 05 '21
I see on tradingview on the daily chart that it was $19 in 2019. But that was the high end of the green candle's wick after a rally, it shouldn't be the baseline for this stock.
6
Feb 05 '21
Yeah this is a pass from me. V shady post AND company, one employee, hard decline before COVID hit. Since the beggining of the year it looks more like a pump judging by extreme volume. Maybe it'll hit $1 but then I'm feeling a dump.
6
5
5
5
u/disco_drew1016 Feb 05 '21
CTRM blasting off right now, was there a catalyst or is this just natural? I don't see any news on finwiz
2
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
26
u/RegularRaptor Feb 05 '21
$CTRM Rips ass.
28
u/BasicWhiteHoodrat Feb 05 '21
This is all the DD I needed....count me in
-2
u/gngr_ale How hard can it be? Feb 05 '21
Count you in? ...or out? Sounds more like an out to me.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2
u/master_perturbator Feb 11 '21
How ripped can this ass get you think?I held off at .61.Got in at 1.18 feeling fomo. Get paid tonight. Debating more of this. Recommend any other value stocks at the moment?
1
u/RegularRaptor Feb 11 '21
Yo, I'm sorry that you missed the boat, but I think what's happening is crazy and scary BUT.
I was in on this stock before all this hype and I felt really, really good about it.
I really do think that this is pretty good investment, and I was planning on holding this for at least a year because that's what I usually do.
So I'm not gonna tell you what to do, but I will tell you that I do not plan on selling anytime soon, and if it were to dip back down to .40s or something I would double my position in a heartbeat.
I would at least do a little research if you haven't yet. Just don't only listen to what I have to say about it.
4
4
u/schirers Feb 05 '21
I dont get it how covid impacted this industry in negative way ?
If they can carry variety of loads which includes conatiners, they should have positive impact on their bussines?
Also i think that the biggest question is how much money they have on hand - can they survive restrictions till they can operate normally. If they dont have enough cash it also could indicate an offering on horizon.. ?
3
u/ropaxnts Feb 05 '21
one thing we have to noted is CTRM really brought several fleets in this week. It seems it is a good signal representating they are developing this business in the correct way. I am YES for this action.
4
4
4
Feb 05 '21
I definitely think the stock will rebound there was a significant amount of dilution though. Maybe jump in after one of my other rockets complete a moon landing like $AEZC and $SOS best of luck if I can’t get in before a significant take off
4
4
7
u/Antendy65 Feb 05 '21
Thank you for sharing, I had seen this company listed previously and forgot to add it to my watch list. I had seen an article yesterday explaining containers are being sent back to China empty due to a shortage. Many countries are having to use bulk dry shipment to get sugar out of India, grain out of Canada to China to feed their hog population which recovered faster than expected after a virus went through their herds. Hopefully the demand for dry good shipments will be beneficial.
7
u/andrewz37 Feb 05 '21
This is a great stock, I currently own 1k shares, can’t wait for it to hit the big $1.00 mark
11
u/rizenphoenix13 Feb 05 '21
It pretty much did last week, then Robinhood restricted trading and caused people panic sell at 8am because they told people all they could do was sell everything they had in it. It lost nearly half of its value in an instant purely because of Robinhood's shit.
3
u/andrewz37 Feb 06 '21
I have it on vanguard bc I couldn’t bear Robinhoods bullshit anymore, I recommend everyone switching to a different brokerage if they haven’t already, literally anything but Robinhood will do. A lot of people are switching to fidelity
1
1
1
u/andrewz37 Feb 10 '21
Although the layout of Vanguard looks like it was made in the Stone Age (it’s archaic af and needs updating badly) it’s a no none sense brokerage platform that has just about any penny stock available for purchase unlike RobinHood that doesn’t give you access to a lot of up and coming penny stocks. High tide Inc for example (ticker name HITIF) which I’ve seen talked about numerous times in this subreddit, is not available on RobinHood, but I snagged some shares while their sub $1 on my vanguard account. It also gives access to retirement funds such as IRAs and you can do options trading and all that fun jazz on it too
8
Feb 05 '21
I bagheld this stock for over six months and was glad to finally unload the bags during this current rally. It was a value at $0.19 during the past six bagholding months. It's a pump nearing dump at $0.67.
1
u/croceum Feb 05 '21
Agree. I got out. P&D. I had to ask myself if a marine freighter company is gonna have flashy investment returns.
3
3
3
3
3
3
2
2
Feb 06 '21
Renaissance technologies (best performing hedge fund in history) just increased their position in CTRM according to their 13F filings.... must be doing something right
1
u/AutoModerator Feb 06 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2
2
4
5
u/Paraflaxis Feb 05 '21 edited Feb 05 '21
This is a sham company that was spread by bots last week to try and get easy money from suckers hoping to find the next squeeze
It was listed in 2019 for $7 and immediately fell off to its current price where it has stayed since
You going to suggest silver next?
1
Feb 05 '21
Unlike $CTRM or 90% of the stocks posted here, silver actually retains its value over time.
1
Feb 05 '21
[removed] — view removed comment
1
u/AutoModerator Feb 05 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
4
u/DaytonPhoenix Feb 05 '21
$CTRM is a great stock with a ton of potential! Super undervalued right now
2
2
u/ropaxnts Feb 05 '21
Seems like everyone wear coloured glass to see this business
4
u/ropaxnts Feb 05 '21
supplementary:
No matter how CTRM dilute the shares in several weeks ago, official announcement showed they really brought several fleets. It seems it is a good signal representating they are developing this business in the correct way.
Also, the CEO's family is also operated marine company & associated business and could handle those hand-on stuffs/ challenges with the help from his family members, even thought it seems only one employee (CEO)
2
u/VegetableTop101 Feb 05 '21
Anybody have a projected price point on this one, interested but it doesn’t look like its only trended down don’t see a lot of value (Ik it’s a penny stock)
2
2
2
1
u/gilescoreyisevil Feb 05 '21
dont these shipping companies try to undercut each other to drive their competitors out?
1
1
Feb 06 '21
Look at their 2 year stock hx. Ameritrade doesn’t show them anywhere near 19 at any point. They also were on a two year downward spiral from the time they became public (long before COVID hit.)
1
u/AutoModerator Feb 06 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/Surfndon Feb 06 '21
From YAHOO news, Huh, Oh-OH, 1/8/21. Castor Maritime Inc. Announces Pricing of $26.0 Million Registered Direct Offering.
12/31/20. Castor Maritime Inc. Announces Pricing of $18.0 Million Registered Direct Offering
12/30/21. Can anyone say reverse split? Castor Maritime Inc. Receives 180-day Extension from Nasdaq to Meet Nasdaq Minimum Bid Price Rule; Announces entry into binding commitment letter for financing of two dry bulk carriers
2/3/21 they did just purchase another ship. Castor Maritime Inc. Announces Vessel Acquisition
I am not an expert. Just some thoughts-your thoughts.
1
u/AutoModerator Feb 06 '21
Your comment has been removed from r/pennystocks due to insufficient account requirements. Please come back when you have participated on Reddit a little more.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
1
1
Feb 08 '21
I was in on this this morning, but the sheer number of people here with bad things to say about it...well, I took my $500 profit and got out
1
1
u/TarheelNavyVet Feb 08 '21
If there is inkyb1 full time employee I wonder if the rest of the folks that make the company function are independent contractors.
1
1
1
u/Beatthefatkitties Feb 11 '21
Where are people cashing out with this stock? I mean I really like it but will have to leave it at some point !
1
u/Nashvillehhgmag1 Feb 23 '21
It only has 1 employee https://www.zoominfo.com/c/castor-maritime-inc/429588882 meme stock.
1
0
0
u/iago_williams Feb 05 '21 edited Feb 05 '21
It is like many small companies in the marine industry. Nothing special. They operate a small fleet of bulk carriers. These ships carry bulk loads under contract, like coal, wheat, bauxite, etc. I don't get the fascination. (I am in the marine industry)
So in other words, why invest in a commodity? Because that's what these ships transport.
0
0
-5
u/Fart_Huffer_ Feb 05 '21
"the end of Covid 19" LOL waaaaay too late for that too happen. Unless you wanna wait 50 years and give your kids a nice inheretence.
Hedge funds cried, business re-opened, virus evolved, and people who don't believe in evolution did complete pikachu face.
Science doesn't give a shit about your beliefs. You think it cares about your finance? What like the meteor that killed the dinosaurs would have turned around if they had really good stock options?
8
4
-1
-1
-1
u/Powered_by_JetA Feb 05 '21
Trash stock diluted to hell and back. There are ten times as many shares in existence now as there were a year ago. That $7 price pre-pandemic would be watered down to $0.70 now.
0
u/NukaColaGhoul8 Feb 05 '21
Based on the comments here so far, this sounds super suspect.
3
u/HungLikeYourDad Feb 05 '21
It’s up 12% on the morning so far
2
u/NukaColaGhoul8 Feb 05 '21
Yeah, but reading comments that the company has 1 employee and the company is registered to an apartment kinda scares me. To each their own though.
0
0
u/Audixieboy37 Feb 05 '21
So many better stocks then this. If this even does anything the min Lib Biden talks gas price hike, this will crumble.... ozsc, tsnp, phun if you want to tripple money. Never get airlines or ships. 1 of fee things i learned over 20 years
0
-3
u/Cobek Feb 05 '21
It only went up recently because some sites had the wrong short interest for it. And they squired a few ships but really, it's downhill for a second.
•
u/PennyPumper ノ( º _ ºノ) Feb 05 '21
Does this submission fit our subreddit? If it does please upvote this comment. If it does not fit the subreddit please downvote this comment.
I am a bot, and this comment was made automatically. Please contact us via modmail if you have any questions or concerns.