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Fly News Breaks for March 18, 2016
CPLP
Mar 18, 2016 | 09:18 EDT
Stifel believes that the "alarming" cash burn rate of Hyundai Merchant Marine has pressured the shares of Capital Product. However, the firm thinks a bankruptcy by Hyundai is "extremely unlikely," given its status in the South Korean economy, and it expects Capital Product to be able to maintain its distributions at their current rate. Stifel keeps a Buy rating on the shares.
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