Costamare: Cheap, Cash-Rich, And Still Dropping - What's Wrong Then?

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  Posted by Two Blokes Jul 9 - Filed in Stock - 8 views
  
  Costamare's pivot into dry bulk shipping eroded profits and distracted from its strong, reliable containership business. The dry bulk spin-off failed to unlock value, with both CMRE and CMDB shares underperforming post-separation. Management's opaque Neptune Maritime Leasing venture and reluctance to boost shareholder returns raise concerns about capital allocation.