Undervalued Company, Momentum, LONG
Updated
TORO CORP. (
TORO NASDAQ)
IMO, undervalued company sitting at around 50M$ Market Cap.
Yearly profits based on past performance: 50M$
Revenues based on past performance: 110M$
Company owns and operates multiple tanker ships, vital to global economy.
In the last months the momentum pushed the price up, closing to its fair value (TBD).
I am long on this company, the following quarterly results shall prove interesting!
Cheers, NFA
TORO NASDAQ)IMO, undervalued company sitting at around 50M$ Market Cap.
Yearly profits based on past performance: 50M$
Revenues based on past performance: 110M$
Company owns and operates multiple tanker ships, vital to global economy.
In the last months the momentum pushed the price up, closing to its fair value (TBD).
I am long on this company, the following quarterly results shall prove interesting!
Cheers, NFA
Note
Financial performance for the latest quarter is now available. Lots of profit this quarter (Net Income : +50M$ IN A QUARTER), about half of it from the selling of some older ships, as part of the fleet renewing strategy of the company. This was a good day for TORO yesterday with a +14%, let's see where we are going from now, I'm expecting a bit of a withdraw before continuing again.
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