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  • more inevitable the eventual implosion becomes.And of course, this piece wouldn???t be complete if I didn???t poke just a little more fun at the CEO who, regarding the latest earnings report stated, ???We are pleased to announce a second consecutive quarter with record EBITDA.???Well golly gee, ships are a capital asset and depreciated (the D in EBITDA), and the company is buying them with debt,
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