Added to YB: 2024-10-15
Pitch date: 2024-10-09
CTRM [bullish]
Castor Maritime Inc.
+0.5%
current return
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
Castor Maritime Inc. provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments.
Market Cap
$39.5M
Pitch Price
$4.03
Price Target
N/A
Dividend
N/A
Sector
Marine Transportation
Category
value
My Latest Net-Nets: Castor Maritime (CTRM)
CTRM: $40M mkt cap vs $180M net cash, $173.4M vessels. Profitable, $44M H1 2024 net income. Risks: Marshall Islands incorporation, dilution history, complex preferred shares structure, CEO conflicts. Trading cheap due to illiquidity, cyclicality. Maritime industry outlook uncertain. Compelling net-net opportunity with significant risks.
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