the stock on an average has traded at a value of .5 to .6 to its book value and during bull run it has gone upto 1 and the highest it has been is 2.5 right now we are in shipping supercycle ,dont know how long this will last but if managmanet is able to increase there book value for 3 to 4 years then it would trade at similar valuation it traded historically and if the shipping cycle goes through headwinds i feel the stock will correct again hence sold the stock.
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