One of the greatest lessons I’ve personally learnt was from Rickmers Maritime. I wrote about it back in 23 November 2014 here, back when Rickmers was trading at around $0.30. Took a detailed look especially into the distribution policy, and found that dividend policy mandates that it can only distribute to the maximum of USD$0.006. “So basically, Rickmers is able to give out a maximum of US$0.006 quarterly up till 31 Dec 2015 or whenever it chooses to end it. To me, this means that there’s only 1 more year till things get ugly. (Both in terms of dividend yield and share price)” Indeed, when I dug into its fundamentals, it revealed a weak company with dwindling fundamentals. Fast forward to today, I was right! It’s a great reminder for me to always question assumptions or look deeper into why certain things happen. What are the ......