Jim Cramer on Seanergy Maritime (SHIP): “I’d Be a Buyer”

On September 16, when a caller inquired about Seanergy Maritime Holdings Corp (NASDAQ:SHIP) during the lightning round of Mad Money, Jim Cramer commented: Bulk transportation is on fire. I think it's a terrific situation. It's not an expensive stock, and I think the yield is safe. I'd be a buyer. Soaring Freight Rates and Strong Yields Support an Undervalued Fleet Seanergy Maritime Holdings Corp (NASDAQ:SHIP) is capturing strong momentum as strong Capesize market conditions and raw-material trade have supported elevated freight rates. Second-quarter results highlighted this profitable environment, with net income surging to $26.2 million and adjusted EBITDA more than doubling to $41.5 million.