StealthGas hit the road this week, trying to drum up new investors in New York, sweetening the pot with promises of buybacks and fleet growth.
According to Jefferies analyst Randy Giveans, who accompanied StealthGas to the meetings, the Harry Vafias-led company was looking to sell investors on its "attractive valuation" and a positive outlook for the LPG sector.
For their part, Giveans wrote in a Friday afternoon note, investors "were curious about how management seeks to close the gap between [StealthGas'] intrinsic value and the market price."
