DRYS - Performance Shipping: Prepare For Renewed Momentum As Toxic Warrants Expire March 24
Note:
I have covered Performance Shipping (NASDAQ:DCIX) previously, so investors should view this as an update to my earlier articles on the company.
Stars seem to be aligning for renewed momentum in the shares of small, Greece-based container carrier Performance Shipping, better known to investors under its former name Diana Containerships.
Two years ago, the then debt-laden company entered into an infamous toxic financing agreement with Kalani Investments Limited, following similar transactions by shipping peers DryShips (DRYS) and Top Ships (TOPS).
Photo: Post-Panamax container vessel "Pucon", largest remaining unit