ESEA ==> The Big Bend Winner

[mrmarket]

Bingo! Bingo!

[jiesen]

Well hello there, what do we see with ESEA? Is that a $58+ stock price now? Holy cow, what a pick!

$$MM is HUUUUUUUUUUUUUGGGGGEEEE!!!!!

[jiesen]

A great earnings report for ESEA today, bringing it up past $54, and I'm out with my 20% gain right here at 54! (and still holding those EHLD shares as a bonus!)

https://finance.yahoo.com/news/euroseas-ltd-reports-results-six-121500041.html

Thanks for this awesome pick, $$MM!!! YOU ARE HUUUUUUUUUGGEEEE!!!!

[jiesen]

Breaking through $52 today! Up $2 so far this week, let's see another $3 up next week, and cash in on ESEA! Only question now is whether IBKR will make it to $68 before ESEA hits! Both are getting so close now!

[jiesen]

ESEA is up $1 and nearly at $51 now... another 4 days like today, and my $55 target will kick in for a >15% profit on this one! Go ESEA!!!!

[jiesen]

Meanwhile, you have to love the dividend!

Yeah, those shipping companies always pay the best dividends, don't they? I remember back in the day, when FRO was paying like 25-30% per year, which seemed impossible, yet they did it!

[mrmarket]

I'm still not sure when to sell this one, so seeing as it's up to nearly $50 again, I sold 1/4 of my ESEA at about 49.5, for nearly 20% above my entry cost (still holding EHLD tho). I'll hold the rest of the ESEA until it hits $55, as another 10% will make me happy, and keep the EHLD until it turns back around and comes in to harbor. That should in theory be a >15% gain overall for me.

Meanwhile, you have to love the dividend!

[jiesen]

I'm still not sure when to sell this one, so seeing as it's up to nearly $50 again, I sold 1/4 of my ESEA at about 49.5, for nearly 20% above my entry cost (still holding EHLD tho). I'll hold the rest of the ESEA until it hits $55, as another 10% will make me happy, and keep the EHLD until it turns back around and comes in to harbor. That should in theory be a >15% gain overall for me.

[jiesen]

ESEA news from Yahoo!

https://finance.yahoo.com/news/euroseas-ltd-reports-results-quarter-120000596.html

ATHENS, Greece, June 18, 2025 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2025 and declared a common stock dividend.

First Quarter 2025 Financial Highlights:

• Total net revenues of $56.3 million. Net income of $36.9 million or $5.31 and $5.29 earnings per share basic and diluted, respectively. Adjusted net income¹ for the period was $26.2 million or $3.76 per share basic and diluted.

• Adjusted EBITDA¹ was $37.1 million.

• An average of 23.71 vessels were owned and operated during the first quarter of 2025 earning an average time charter equivalent rate of $27,563 per day.

• Declared a quarterly dividend of $0.65 per share for the first quarter of 2025 payable on or about July 16, 2025 to shareholders of record on July 9, 2025, as part of the Company’s common stock dividend plan.

• On March 17, 2025 the Company completed the spin-off of three of its subsidiaries containing its two older vessels, M/V Aegean Express and M/V Joanna, along with the proceeds from the earlier sale of the vessel M/V Diamantis P, into Euroholdings Ltd. (NASDAQ: EHLD). Beginning on March 18, 2025, Euroholdings Ltd. operates as an independent company.

• On May 29, 2025, the Company announced that it has signed an agreement to sell M/V Marcos V, a 6,350 teu intermediate containership built in 2005, to an unaffiliated third party, for $50 million. The vessel is scheduled to be delivered to its buyer in October 2025. The Company is expected to recognize a gain on the sale in excess of $8.50 million, or $1.20 per share.

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Looks to me this one's going straight up to $50 and beyond! Getting a $50M payday from a 20 year old vessel ain't too shabby... adds $1.2 per share in value, on top of a $0.65 dividend for next quarter! So much to like with this one

[jiesen]

Actually, my logic is flawed here. I'm not gaining 15% if the spinoff doesn't hold up. So perhaps the correct move is to hold them both until combined they amount to a 15% total gain... because selling ESEA at 3% above my purchase price really only nets me 3%, if I don't ever sell EHLD at a profit. Anyway, the longer we hold ESEA, the more dividends we get, so there's that!

[jiesen]

ESEA is making a huge comeback! With the 12% EHLD spinoff my $45 entry is now a $40 (adjusted) entry so, I'm up 12% and am about to sell it for $46 and change, when I can get my 15%.... any day now! (not counting the EHLD position though, which is still down by about 35%)

[mrmarket]

Happy New Year everyone!

I just added more to my ESEA position at $37, lowering my cost basis to $42. ESEA looks like it's coming around, and the market overall is now at a discount to where it was a month ago, so why not?

I love the PE....and of course the dividend pays great while I wait.

[jiesen]

Nice pick, $$MM and a great writeup, too! I'm in with you at 45!

Happy New Year everyone!

I just added more to my ESEA position at $37, lowering my cost basis to $42. ESEA looks like it's coming around, and the market overall is now at a discount to where it was a month ago, so why not?

[mrmarket]

Just to be clear, the pick is ESEA not EASE. I don’t think EASE is a valid symbol anyway.

Wow...good catch...late night dyslexia

[BlueWolf]

Just to be clear, the pick is ESEA not EASE. I don’t think EASE is a valid symbol anyway.