Here's the link. How Independent is Global Ship Lease
Apparently it got picked up this weekend by some people who invest in this stock.
So, I thought I would take a look at what's going on with Global Ship Lease. I do not pretend to be a stock analyst, so if someone can clarify anything I get wrong, feel free.
I had trouble getting the entire recent SEC filings to pull up from their web-site. It named PINE RIVER CAPITAL, but as it was dated July 23, 2009, maybe they have a couple of days to complete the paperwork.
Here's the link to their SEC filings. Perhaps someone smarter than me can figure it out.
They also filed a "safe harbor statement" on June 26, 2009 as part of their "Update on Credit Facility". (click here for link)
In this they list 21 types of "risk and uncertainties".
I haven't read a lot of these types of statements, but this one looks excessively long to me. They did not mention the possibility of a giant meteor hitting the earth, but they covered just about everything else.
These 2 caught my eye.
- Global Ship Lease's ability to enter into long-term, fixed-rate charters;
- the continued performance of existing long-term, fixed-rate charters;
That's enough for now. It's Sunday, and I should get a life.