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Stock impact report

Toro Corp.: Buy On Inherent Value And Potential Near-Term Catalysts (Rating Upgrade) [Seeking Alpha]

Castor Maritime Inc. - Common Shares (CTRM) 
Company Research Source: Seeking Alpha
Even after the recent rally, the company is still trading at a 60% discount to estimated net asset value. Assuming conversion of Toro's preferred shareholdings in former parent Castor Maritime, estimated NAV would increase from slightly above $10 to approximately $36. Following Toro's unsuccessful self-tender offer, CEO and controlling shareholder Peter Panagiotidis remains incentivized to increase his stake in the company. With several potential catalysts ahead, I am upgrading TORO's common shares from "Sell" to "Buy" with a price target of $7.50. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » frantic00/iStock Editorial via Getty Images Note: I have covered Toro Corp., or "Toro" ( NASDAQ: TORO ) previously, so investors should view this as an update to my earlier articles on the company. It's been more than two years since my last update More on my IG service Massiv Show less Read more
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