Over the past 5 years, with significant shareholder dilution along the way, Seanergy Maritime (SHIP) stock has declined by an incredible 99.70%.As investment sage, Warren Buffet famously said, the time to pick up undervalued companies is while there’s blood in the street, but is an investment in SHIP worth the risk?It is, according to Maxim analyst Tate Sullivan. Sullivan reiterated a Buy rating on Seanergy shares, although reduced the price target from $0.50 to $0.40, due to the company’s increase in shares outstanding following equity raises in the first quarter. Nonetheless, upside from current levels is a massive 150%. (To watch Sullivan’s track record, click here)To boost its balance sheet, in Q1, Seanergy raised equity through four public offerings, all in all raising roughly $25 million. Sullivan believes the equity raises will be put to good use.“We believe most companies, including SHIP, demonstrated ongoing access to capital during the spread of...
Director of Fiscal Policy at the American Action Forum Gordon Gray joins Yahoo Finance’s Seana Smith to break down the April jobs report and how some workers are making more on unemployment compared to their wages before the coronavirus pandemic. ...
Director of Fiscal Policy at the American Action Forum Gordon Gray joins Yahoo Finance’s Seana Smith to break down April’s jobs report and how some workers are making more on unemployment....
Yahoo Finance’s Sibile Marcellus joins Seana Smith to discuss a potential new bill that would increase the amount of money Americans receive during the coronavirus crisis....
