Row 54124
Content Data
This page contains data entry 54124 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.
Before I start I just want to let you know that, not like other penny stocks, CISS is a profitable company if you look at their latest quarter earnings their revenue was $ 13.78m and their net income was $ 5.57m. Also if you look at their balance sheet they have $ 95.47m of total assets and $ 39.9m of liabilities.
and yet their market cap is only $ 8.73m which is crazily undervalued.
If you ask why are they SO undervalued it's because they've done offering a couple of times and diluted their shares over the last year to purchase new ships for their business.
Of course, you might think there's some possibility that they would do it again but I really think they wouldn't.
First of all, with the ships they purchased now, they became a profitable company and If you look at their latest SEC filing you can see that the chairman of CISS bought 698,534 shares (he owned 0% until this purchase) which is 11.4% of its outstanding shares.
In addition to that active fund Arethusa Properties LTD which is related to him also bought 689,817 shares which is 11.3% of its outstanding shares.
I think this is a very very bullish sign to guess they are not planning additional dilution cause now they simply don't have to.
Also if you look at their short interest it's 11.7% which is pretty heavily shorted and there are no more shares to borrow anymore with a 163% borrow fee rate. So we can also expect a squeeze in the near term.
My prior position was $SLNO(also my latest DD) and now i'm very bullish about $CISS
I would like to hear you guys opinion and if you have any question I'll try my best to answer!
| Field | Value |
|---|---|
| text | Before I start I just want to let you know that, not like other penny stocks, CISS is a profitable company if you look at their latest quarter earnings their revenue was $ 13.78m and their net income was $ 5.57m. Also if you look at their balance sheet they have $ 95.47m of total assets and $ 39.9m of liabilities. and yet their market cap is only $ 8.73m which is crazily undervalued. If you ask why are they SO undervalued it's because they've done offering a couple of times and diluted their … |
| label | r/wallstreetbets |
| dataType | post |
| communityName | r/wallstreetbets |
| datetime | 2024-05-22 |
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Raw Record
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"text": "Before I start I just want to let you know that, not like other penny stocks, CISS is a profitable company if you look at their latest quarter earnings their revenue was $ 13.78m and their net income was $ 5.57m. Also if you look at their balance sheet they have $ 95.47m of total assets and $ 39.9m of liabilities. \n\nand yet their market cap is only $ 8.73m which is crazily undervalued.\n\nIf you ask why are they SO undervalued it's because they've done offering a couple of times and diluted their shares over the last year to purchase new ships for their business.\n\n\n\nOf course, you might think there's some possibility that they would do it again but I really think they wouldn't.\n\nFirst of all, with the ships they purchased now, they became a profitable company and If you look at their latest SEC filing you can see that the chairman of CISS bought 698,534 shares (he owned 0% until this purchase) which is 11.4% of its outstanding shares.\n\nIn addition to that active fund Arethusa Properties LTD which is related to him also bought 689,817 shares which is 11.3% of its outstanding shares. \n\nI think this is a very very bullish sign to guess they are not planning additional dilution cause now they simply don't have to.\n\nAlso if you look at their short interest it's 11.7% which is pretty heavily shorted and there are no more shares to borrow anymore with a 163% borrow fee rate. So we can also expect a squeeze in the near term.\n\n\bMy prior position was $SLNO(also my latest DD) and now i'm very bullish about $CISS \n\nI would like to hear you guys opinion and if you have any question I'll try my best to answer! \n",
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"communityName": "r/wallstreetbets",
"datetime": "2024-05-22",
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}
Entry Information
- Entry ID: 54124
- Repository: Axioma AXP
- Dataset: arrmlet/reddit_dataset_36
- Total Entries: 100,000