- 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