Odyssey Marine Exploration, Inc. (OMEX)
The Company is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world.
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"Is there a psychic on board'-'hello"? Maybe greed or opportunity got to this one, ~without ever thinking "shark frenzy!"
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Doing the math on the ship wrecks they already, have it doesn't seem like existing finds are paying the current bills. This stock a lotery ticket which most of the time doesn't pay off.
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etrade screener -- low ratings, 1 of 5 cramer doesn't like...
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Does OMEX have like, you know, like really really big metal detectors? I saw an infomercial the other night advertising a metal detector kit for 3 easy payments of $59.99. Has anyone ever tried these? The lady on the commercial said that I could get rich finding treasure on public beaches and even in my back yard! I haven't bought it yet because i'm saving up for some new crocs and a timeshare in Florida.
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FS = 15
Gamma = .23
Fundamentals very bad, price very overvalued..
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Seeking treasure as a business? Um, what happens when the original owners come a-knocking? I believe Spain has been really active in recovering the profits from any Spanish find regardless of whose waters they were located in. In fact, a friend just told me of one such case in Haitian waters. I don't trust that this business will be able to make much from these endeavours.
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they are just pirates
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This stock got overinflated when they found that cache, but the story isn't over yet. Spain and England are giong to want their cuts, court costs are going to skyrocket, and there will be nothing left for the investors.
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Claims that treasure found are worth fortunes are silly when they are based on historical prices of rare coins. If you find tons of what were once rare coins, they aren't rare any more. The >$300 million market cap for this stock is just silly.
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Let us not forget here, even in the hype of their recent finding...these guys are treasure hunters! Give me a break. No reliable revenue stream. You may be better off rolling the dice at the craps table than investing in OMR.
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Too costly and too risky of an operation to be a succesful stock pick. Fun company though.

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