Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hey everyone. I own stock in Genco shipping (GNK) and I haven't been following it too closely over the past few months because I've been busy with college and other things and to be honest my investment isn't large enough to warrant much attention...

Anyway... Why has GNK dipped so low. I thought it was a steal at $15 and now it is down to $11.70 I don't understand why? Can anyone who knows what has been going on in this industry or with this company fill me in?
The stock looks incredibly cheap looking at the fundamentals. P/E of 2.70 P/B of 0.38 P/C 1.53 and it has nice margins. On the down side it has a debt/eq of 1.58 but that ratio doesn't warrant that cheap of a price...

Something must be going on someone please help me figure this out.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.