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...oops, I misread that title; it is actually "August is the Time to Buy Odyssey Marine Exploration."

My cynicism aside, it is actually a very well written article. My quibbles are in the details, important ones relating to valuation.

For example, "Under salvage law, approximately 90% of the recovery is typically granted to the salvor." Challenges as strong as the the Spanish one do NOT result in typical outcomes. The writers uses a 50/50 split later in their split assessment to acknowledge this, but they should have made that clear. Also, legal machinations dragging on forever is not profitable. Quite the opposite. Their cash reserves have become so problematic at times that they have had to obtain hedge fund and other non standard sources of gap financing. See previous posts on the Fool and search OMX news.

http://seekingalpha.com/article/90675-august-is-the-time-to-...
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