Added to YB: 2024-10-15
Pitch date: 2024-10-09
CTRM [bullish]
Castor Maritime Inc.
-47.52%
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. operates as a shipping and energy company worldwide. It operates through Dry Bulk, Containership, and Asset Management segments.
Market Cap
$21.0M
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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