HeliRy Thesis Ardmore Shipping Corporation (NYSE:ASC) has three key attributes that warrant a BUY rating. First, the company is operating in a fundamentally advantaged shipping market for refined petroleum products. This allows the company to enjoy large operating margins. Second, the high levels of cash generation allow the company to pay a large (although variable) dividend as well as reinvest in the business to drive down breakeven costs. Third, these efforts have resulted in a net cash positive balance ...