Vard, formerly known as STX OSV stock price dropped significantly over the past few weeks, leading many investors to panic.  I have received so many comments on whether they should cut loss and what not. I still maintain my view that if the stock is fundamentally undervalued, I don’t see any reason to drop the stock. The same view is confirmed by all the analysts covering Vard.

A friend of mine, is also an investor in Vard and decided to send an email to quiz the Vard Investor Relations. I will not list out the actual conversation, but a summary of the exchange between them.

Investor: Questions the independence of the Board of Directors and management in making corporate and strategic decisions as well as the role of the Parent Fincantieri.

Vard IR: Board is comprised of 3 Fincantieri nominated Directors, Chairman, 2 Independent Directors, CEO, and Executive Director. As ...