Genco Shipping: 24% Discount To PNAV, LTV Below 20%, And Attractive Dividends

CloudVisual Note: I previously covered Genco Shipping (NYSE:GNK). In my previous analysis, I discussed the company's barbell approach, financials, and relative valuation. In today's article, I review the last earnings report, update the evaluation, and assess the risks. Fleet GNK applies the barbell strategy. The company owns 16 Capesize vessels and 27 Handymax (15 Ultramax and 12 Supramax). This approach distributes GNK's upside potential while mitigating its risks. Looking at the details, GNK installed sc ...