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0 0 0 0 0.00499064254522759 -0.0037429819089208 -0.00467872738615103 -0.00748596381784161
Stock impact report

Costamare: Profits Without Shareholder Rewards--Why The Stock Could Drop 30% [Seeking Alpha]

Costamare Inc. $0.0001 par value (CMRE) 
Last costamare inc. $0.0001 par value earnings: 4/29 06:53 am Check Earnings Report
US:NYSE Investor Relations: ir.costamare.com
Company Research Source: Seeking Alpha
Despite record profitability and a $2.6B charter backlog, CMRE's dividend remains frozen at $0.115 per quarter, yielding just 2.8%. Management's capital allocation has been questionable, notably with an unprofitable drybulk venture and limited shareholder returns. I estimate fair value at $11.5 per share, implying 30% downside as rates soften and fleet renewal costs mount. Andre de Wit/iStock via Getty Images Investment Thesis Costamare Inc ( CMRE ) has one of the oldest fleets, and management has started to renew it. Meanwhile, shareholders dividends have been frozen for the last few years despite the company experiencing its most This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alph Show less Read more
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