May. 2 at 3:42 PM
$HMR and even if I am completely wrong. Say Q1 only prints
$2-3M somehow. Q2 will certaintly be higher, so let's just annualise it to roughly
$12M worst case.
P/E on the bear caseright now is under 4x.
Mind you a zero debt business with
$18.65M cash. Under 4x on the bear case.
So even at 10x on the bear case that is ~
$2. More than 2x from here. But this is just to prove a point of the absurdeity i've gotten from my dd.
At any normal multiple this stock has no business being at
$0.80.
40 year operating history. Profitable every year since at least 2022. Sitting in the strongest tanker rate environment in recorded history, trading near the cash bottom.
We just need Q1 and Q2 to print. If they do, I genuinely do not know how this stays at
$0.80.
Absolute lunatic setup.