TTBKF - 2020 Bulkers: Attractive Dividends But I'm Moving To The Sidelines
2024-02-21 10:27:00 ET
Summary
- 2020 Bulkers' stock is up by approximately 67% and has gone ex-dividend on a cumulative total of $0.67/share in dividends in the past six months.
- The company achieved strong results in Q4 2023, with an operating profit of $17.9M and net income of $14.8M.
- The company has a positive cash flow and a net debt position of approximately $173M, backed by the $337M book value of its vessels. The fair value is substantially higher.
Introduction
2020 Bulkers ( OTCPK:TTBKF ) is a Norwegian company focusing on operating bulk vessels. The stock is up by approximately 67% since my previous article on 2020 Bulkers was published. Additionally, the company has gone ex-dividend on a cumulative total of $0.67/share in dividends which would add another 8% to the total return. Plenty of reason to check up on the company as it recently published its full-year results....
2020 Bulkers: Attractive Dividends But I'm Moving To The Sidelines