Thanks for the info. Glad to know Kirby had insurance. Surely, a billion will be enough!
KEX has been my largest single stock holding for the past 3 years. I love them, and their potential for growth.
But, I sold all on Monday morning at $103.50 Wanted to be OUT while I tried to figure out the impact of this on future earnings.
It didn’t take the $$$vultures long to start circling.
The suit was filed March 24 in U.S. District Court in Galveston over the collision of a barge pushed by a tow boat named Miss Susan and a 585-foot bulk carrier, Summer Wind. Kirby Inland Marine owns the vessel Miss Susan, while Cleopatra Shipping Agency owns Summer Wind.
” It’s in the tens of millions of dollars range”
What a racket.