CTRM - Castor Maritime: Tanker Exposure Should Benefit Q2 Results - Buy
- Castor Maritime reports respectable first-quarter results.
- Tanker exposure should benefit Q2 earnings substantially.
- Updating net asset value estimate. Company continues to trade at a large discount to NAV as investors remain wary of potential further dilution and related party dealings.
- Unlike most of its peers and despite plenty of liquidity, Castor Maritime is not paying a dividend.
- With recent tailwinds from the company's tanker exposure and substantially improved dry bulk charter rates anticipated for the second half of the year, I am keeping my "buy" rating on the shares for now.
For further details see:
Castor Maritime: Tanker Exposure Should Benefit Q2 Results - Buy