bullish

Imperial Pete Inc (IMPP) - Thursday, Apr 25, 2024

272 Views26 Jul 2024 01:27
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SUMMARY
  • IMPP is a shipping company that spun off in May 2021 with 4 ships, raising $140 million through 5 offerings
  • Company has a strong balance sheet with net tangible equity of $360 million, over $140 million in net cash and $40-50 million in earnings power
  • Shorting IMPP is effectively shorting cash with 3.8 million shares sold short and a borrow rate of -45%, potential for high returns with possible target stock price of $7-8 later in the year

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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