Investors around the world are becoming more aware of the potential riches to be made by companies in the sea treasure recovery industry such as J.D. Hutt (PINK JABA) and Odyssey Marine Exploration (NASDAQ: OMEX) due to the media attention being paid to the raising of the Concordia. More than $60 billion rests on the ocean floor in gold (NYSE: GLD), silver (NYSE: SLV), and other valuables. As detailed in a previous article on this site, Odyssey Marine Exploration just presented at the 2013 Gateway Conference.
That was a very bullish development for the entire sector, especially J.D. Hutt. As reported by The Wall Street Journal, J.D. Hutt recently acquired Sea Treasure Recovery Corp. to go after sunken valuables such as gold, silver, and other precious metals. This is a sector with little competition, but great profit potential.
According to an article in Popular Mechanics magazine, there is an estimated $60 billion sunken treasures. The raising of the Concordia as reported in The Wall Street Journal and other publications shows how effective the marine salvage industry can be. That was a main focus of Odyssey Marine Exploration at the Gateway Conference.
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What should be the focus of investors is the profit potential of J.D. Hutt and Odyssey Marine Exploration. At present, Odyssey Marine Exploration has a return-on-equity of 127.10% and a gross margin of 96%. J.D.Hutt is certainly capable of posting similar results with its business model of operating in less risky waters off the Florida coast.
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