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home / news releases / TOPS - Pyxis Tankers - Upcoming Reverse Stock Split Might Present Great Buying Opportunity


TOPS - Pyxis Tankers - Upcoming Reverse Stock Split Might Present Great Buying Opportunity

  • Updating investors on changes in fleet composition and net asset value. Unlike most of its larger peers, the company still trades at a substantial discount to NAV.
  • Recent geopolitical events have changed product tanker dynamics materially with the strong charter rate environment now widely expected to persist for at least the next couple of quarters.
  • Company should start to generate meaningful cash flow from operations sooner rather than later.
  • Upcoming reverse stock split might provide speculative investors a decent opportunity to initiate a position in the common shares.
  • Investors looking for a somewhat less risky investment in Pyxis Tankers should consider taking a position in the company's Series A Convertible Preferred Shares (PXSAP) which are ranking senior to common stock and paying a rather juicy 10.7% annualized cash dividend at current levels.

For further details see:

Pyxis Tankers - Upcoming Reverse Stock Split Might Present Great Buying Opportunity
Stock Information

Company Name: TOP Ships Inc.
Stock Symbol: TOPS
Market: NASDAQ
Website: topships.org

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