Appreciate your honesty, but it was not too long ago you were super bullish on this stock and I recalled we disagreed at that time, seems now we are aligned.
I need to admit, once upon a time I too was bullish too re the sector, till I learned re the massive oversupply (an almost unimaginable self created problem by industry greed).
I wonder when the bottom will be in in this sector and which of the few companies will survive. At some stage we assume that the current oversupplied fleet will rust up in their cold stack and that demand will return and those boats still operational will be needed again.
At this stage MRM is looking like all it's competitors, ie debt ridden and a mere shadow of its former self.
MRM Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
