From its income statement, you can see that EPS has been falling. Not only that, revenue has been relatively stagnant and shows a decreasing trend ...
...Vard Holdings is a major global shipbuilder, constructing offshore and specialized vessels used in the offshore oil and gas exploration and production and oil services industries (http://www.vard.com/about/Pages/default.aspx). After conducting my due diligence on this company, I have determined this company to be overvalued at its current price, but is surprised by the amount of positive sentiments despite its increasingly bad operating performance on forums.
Before I go into why the company is not attractive and would not be of value to an intelligent investor, I would like to show the readers the 3 statements of the company. All the statements are compiled from the annual reports provided by the company at its official site (http://www.vard.com/Pages/default.aspx).
