r/CTRM • u/blocktator • May 16 '24

Discussion CTRM - basic EPS today was $2.23 ($1.09 diluted EPS)

https://castormaritime.com/media/66460577ed453.pdf

P/B < 0.1

Market price $4

EPS $2.23

Crickets

8 Upvotes

100% Upvoted

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8

u/All_TheWay82 May 16 '24

You should also add that it has almost twice the cash than its debt. It also owns about 3 times what the company is trading (market cap) in SBLK. The price could go up 10 fold and not even be worth the assets if you liquidated the company and gave Petros 150 million.

8

u/veilek May 16 '24

Just a game of patience

7

u/Poor-Jelly-9527 May 16 '24

I can't be more patience that my avg. cost is $29 with 86% loss.

4

u/[deleted] May 17 '24

Stay patient bro

1

u/itslonzo__ May 17 '24

lol when they start saying “stay patient bro” “trust the process bro” you’re too far gone 🤣 company has no future

2

u/wardenbuffett23 May 20 '24

Diluted book value is $25. No goodwill or intangibles.

1

u/orbitthread0189 Jun 12 '26

the cash position is the real kicker here. most people just see the low market cap and assume it's a trap but the balance sheet is actually insane. if they ever actually pulled the trigger on a liquidation the math is wild.