$9.37
0.00 (0%)
Genco Shipping & Trading Limited (NYSE:GNK)
CAPS Rating:
A New York City-based company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.
A New York City-based company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.
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Recs
Conservative, low cost producer, low P/E, price to tangible book is about 35%, high dividend (will likely be cut at least in half--still will be 20%).
Relatively new fleet, serving China especially. Current 80% gross margin under contracts into 2010; will see significant pressure here but Genco will ultimately prosper.