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    Mark Rickman

    Senior Equity Analyst at Noble Capital Markets

    Mark Reichman is a Senior Equity Analyst at Noble Capital Markets specializing in the Basic Materials, Mining, and Industrials sectors, with coverage of companies such as Comstock (LODE), Coeur Mining (CDE), and Alliance Resource Partners (ARLP). Reichman has achieved a 75% success rate and a 129.38% average return on stock recommendations, earning recognition as a top analyst by Forbes and the Wall Street Journal for earnings estimate accuracy and performance in the Mining & Metals industry. He began his equity research career at A.G. Edwards & Sons in 1998, later serving at Simmons & Company International and Sanders Morris Harris Group before joining Noble, where he continues to deliver high-quality, actionable research. Reichman holds FINRA licenses 7, 24, 63, and 87, and has academic credentials including a BA in Business Administration, an MBA in Finance, and an MA in International Affairs.

    Mark Rickman's questions to EuroDry (EDRY) leadership

    Mark Rickman's questions to EuroDry (EDRY) leadership • Q2 2025

    Question

    Asked about the recent strength in the Baltic Dry Index, the rate level at which the company would lock in charters, the company's liquidity and debt repayment plans, and the reason for a sequential decline in voyage expenses.

    Answer

    Management attributed recent rate strength to pre-tariff stockpiling and Houthi attacks, but noted future uncertainty. They would consider locking in charters around $15,000/day. Liquidity is described as tight but manageable through vessel refinancing and pre-delivery financing for newbuilds. The fluctuation in voyage expenses is due to the mix of charter types, with voyage charters reflecting these costs differently than time charters.

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