5 Best Stocks to Buy for the Next 10 Years

4. Imperial Petroleum Inc. (NASDAQ:IMPP)

Trailing Twelve Month P/E: 0.99

Imperial Petroleum Inc. (NASDAQ:IMPP) is a shipping company headquartered in Athens, Greece. The firm ships petroleum products and chemicals through its medium range tankers.

Imperial Petroleum Inc. (NASDAQ:IMPP) announced in February 2023 that it is expanding its shipping portfolio by acquiring two dry bulk carriers. These will add an estimated 71,000 deadweight tonnes of capacity to the firm’s portfolio. The deal is expected to cost the firm $25.5 million and shares of its preferred stock. As of last year’s December quarter, two of the 943 hedge funds surveyed by Insider Monkey had bought the firm’s shares.

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