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$2.79 0.15 (5.68%)
10/10/2008 4:00 PM

FreeSeas, Inc. (FREE)

CAPS Rating:
***

An independent commercial shipping company that operates in the drybulk shipping markets through its three wholly owned subsidiaries: Adventure Two S.A., Adventure Three S.A. and Adventure Four S.A.

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Avatar Dubl07 (37.89) Submitted: 7/02/08 5:01 PM : Outperform Start Price: $5.83 FREE Score: -21.79

This is a wonderful entry price. The debate about a world recession is still raging, but companies need to still sell their products to survive this challenging time. So if markets reduce their consumption of luxury items, the need for getting dry goods and staple-type products from point A to B will still be necessary. Shipping is going to survive and can adjust their pricing directly to the rising fuel prices. The extra bonus with FreeSeas is the high dividend they provide.

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