5 Best Stocks to Buy for the Next 10 Years

3. United Maritime Corporation (NASDAQ:USEA)

Trailing Twelve Month P/E: 0.64

United Maritime Corporation (NASDAQ:USEA) is a shipping company headquartered in Glyfada, Greece. The firm operates flour tankers and dry bulk tanker vessels.

United Maritime Corporation (NASDAQ:USEA) expanded its fleet in February 2023 when it announced that it will buy two Kamsarmax dry bulk vessels. At the same time, it also entered into a charter agreement for a Japanese built PANAMAX vessel. The two new ships are expected to cost the firm $39.2 million, and the charter is expected to cost the firm another $7 million with an option to buy the vessel at end of the agreement’s stipulated 18 month period. One of the 943 hedge funds part of Insider Monkey’s database had invested in the firm in last year’s December quarter.

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