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Author: HohumYNWA   😊 😞
Number: of 46 
Subject: Pyxis Tankers (PXS)
Date: 04/25/2023 7:02 PM
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No. of Recommendations: 3
Pyxis Tankers (PXS) is a small Greek-managed tanker company. PXS owns 4 MR2 tankers, vessels that carry refined petroleum products, chemicals, and/or edible oils. Other Greek owners with small fleets tend to be quite abusive with their shareholders (OceanPal (OP), Castor Maritime (CSTR), Imperial Petroleum (IMPP)), usually with massive dilution and/or reverse splits. But, this does not seem to be the strategy of PXS.

PXS does have some preferred shares that could convert in Oct 2023.

So far, my digging suggests nothing too out-of-whack with this company - debt, age-of-fleet
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Author: Bankman007 ⎊  😊 😞
Number: of 46 
Subject: Re: Pyxis Tankers (PXS)
Date: 06/08/2023 1:13 PM
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https://finance.yahoo.com/news/pyxis-tankers-annou...

Looks like they are repurchasing shares. Usually a sign that management believes stock price is low and doesn't have a better way to deploy cash.
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Author: HohumYNWA   😊 😞
Number: of 46 
Subject: Re: Pyxis Tankers (PXS)
Date: 06/09/2023 3:29 AM
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The article only refers to the company announcing a share buyback program of $2.5 million. PXS share count went up in Q1 2023.

I think the company has a potential dilution event in 2023 - conversion of the preferred stock.
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