Posted On: 05/28/2016 11:36:01 PM
Post# of 22850
$ULTR Remember this shipper. Jumped more than 100% a month ago only on news that they were in negotiations with creditors. Imagine what could happen if they finalize a deal lowering the 8.875% of the loans. The negotiations have a deadline of may 31st.
The company has 35M cash (0.25 per share) and can deal with interest payments but wants to get better conditions.
What they said on May 10th.
https://finance.yahoo.com/news/ultrapetrol-an...00021.html
Also a chart play. Bounce on the 50 DMA and a showing an uptrend continuation pennant.
The company has 35M cash (0.25 per share) and can deal with interest payments but wants to get better conditions.
What they said on May 10th.
https://finance.yahoo.com/news/ultrapetrol-an...00021.html
Also a chart play. Bounce on the 50 DMA and a showing an uptrend continuation pennant.
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
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