A blank check company which was formed to serve as a vehicle for the acquisition through a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses in the shipping industry.
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Fool UK
Recs
ok ..this may be early but think about the fact that they still pay a great dividend... and they are selling for roughly 20% of book value.gives this a strategic value play here..they recently bought a new ship and the baltic index has started to rebound. that means higher rates are ahead....get in while its still cheap