GNK - Seanergy Maritime: Strong Buy Based On Business Prospects Dividends And Discounted Valuation

• The company reported respectable first quarter results and declared a quarterly dividend of $0.025 per share.
• It repurchased another $10 million in potentially dilutive convertible notes.
• Prospects for the dry-bulk shipping industry remain solid based on very limited fleet growth and an anticipated increase in iron ore and coal shipments in the second half.
• In contrast to its dividend-paying peers, the company is still trading at a substantial discount to net asset value.
• Get long Seanergy Maritime due to discounted valuation, respectable dividend yield and decent near- and medium-term business prospects.

For further details see: