Ignore Volatility

The cash represents negative leverage. And those old ships’ value should move up and down with the scrap steel price and with the company's expected revenues over the next seven years.

Hong Kong airport

Wednesday, March 5th, 2025

By Tom Dyson, Investment Director

Whew.

We said we’d sell HAFN if it closed below $4.02. It traded below $4.02 intraday on both Monday and Tuesday but it didn…