You are making good point until last, if you read the q2 report, they are actually selling 2 vessels because the price of vessel has go up so much that they think is better to sell their ship than use it to do business. whether is good or not, we only can see their future earning. btw, next Q confirm earn good, dipsosal of 2 vessel and BDI at high region. Maybe eps at 5-6 cent.
this company is somehow good in "fundamental", if u use those PE, ROE bla bla to analyse it...but if the share price keep drop u need to think more than that, is it the prospect got problem....or coming bad qr.....not sure but better wait for coming qr release then only consider for investment...if for trading...it is not suitable....very low volume currently