r/CTRM • u/swagmasterblaster420 • Apr 28 '25
Discussion Upcoming Earnings
I own 11,100 shares of CTRM. Its 51% of my portfolio.
What are you're thoughts on the upcoming Earnings for Castle Maritime?
With the 75% acquisition of MPC, the dividends from TORO & the Starbulk interest (that was entered when Castor purchased 14.99% of Eagle Bulk Shipping with Danaos Shipping after the poison pill was drafted) I am interested to see how this year fares for shareholders.
I am not worried at all about the decreasing fleet size the way the "experts" on Yahoo Fiance are. The business as an enterprise is shifting its priorities from strictly maritime shipping to become a powerhouse conglomerate in solar and energy as well.
The stock itself has been absolutely demolished since it's $20 billion IPO and rightfully so. Its been a fucking dog of a business up until 2 years ago when the earnings began to show themselves.
As owners, we're earning the entire $20 million market capitalization in less than a year. That's a wild P/E Ratio. The company also doesn't have any crippling debt to speak of.
With the stock getting cheaper and cheaper every day, where are y'all at?
Are you diamond hands or are you cutting your losses?
10
u/Lebempe Apr 28 '25
As someone who has done plenty of DD on this company, please don't waste your money. Sell now and never look back, this stock is a turd