Multiple events occurring with Performance Shipping (PSHG).
- The big one is Q4 2025 results were announced last week. Rev of $26.2M and GAAP earnings of 19c/sh
- PSHG announced orders for two new Suezmax vessels - each from a separate Chinese shipyard.
- A $50M tap issuance in Jan 2026.
- Added contract coverage via the two vessel acquisitions of Q4 2025, a Jan 2026 LR2 newbuild delivery, and an older Aframax securing contract coverage.
PSHG would be appealing BUT for the warrants and share dilution. The various warrants are mostly in-the-money currently. But the most dilutive is the preferred stock owned by wife & husband pair at the top.