TOP Tankers, Inc. (NASDAQ:TOPS)
CAPS Rating:
The Company is a provider of international seaborne transportation services, carrying refined petroleum products and crude oil.
The Company is a provider of international seaborne transportation services, carrying refined petroleum products and crude oil.
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Recs
In debt, losing money, I don't really see this stock going anywhere any time soon.
Update: They just borrowed even MORE money to buy 3 more tankers at a price of $222 million dollars... That's more than their market cap. They're already 345 million in debt. How much more do they really think they can borrow?
Let the banks decide ... after all, they've done the investigation and have all the details.
Do you??
Are you talking about the same banks that nearly went bankrupt recently?
SidBord: I see you just closed out your pick on TOPT. Can't put your money where your mouth is, eh? :-p
SidBord = Owned