Well it's quite obvious that those who buy these vessels intend to put them to use, somewhere. They don't buy it to scrap.
If you think MRM will sink, then don't buy it. For all I know, it might very well sink seeing how there's way too much oil in the world and all that.
Seriously man, isn't there anything right about MRM?
Still standing after three years of the worst headwind the industry has seen in quite some time... all while other similar operators around the world are sinking, sunk or being restructured. That's quite an achievement... particularly how their bankers are letting them getting away with it while their peers' bankers thought otherwise about the peers.
Anyway... Hope I'm not wrong but then what can you do really. I'm a sucker for buying 10 cents on at least a dollar... one with a high likelihood of not dying.
MRM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held