Quote Originally Posted by peter mcneil View Post
Quote Originally Posted by abrown83 View Post

I am hoping for a 50% pop tomorrow, we will see. I will be out fairly quickly, but these tankers are making more money than they have ever made because they are getting high rent and burning no fuel sitting in the ocean holding excess oil. They got dragged down with the oil stocks because of the relationship, but that was a huge miss by the investment community.
Earnings up huge from last year but a bit below expectations, doubt we will get the pop we were hoping for. Dividend will be .70/share and I believe pays out early June. I ended up getting 500 shares, will sit on them.
It's actually legit crazy.

We now have a stock that is trending towards a 40% dividend, with a forward P/E of 2.5.

I legit don't understand the market anymore.