$20.83 0.68 (+3.37%)
11/6/2009 4:02 PM

Genco Shipping & Trading Limited (GNK)

CAPS Rating: 4 out of 5

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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Member Avatar rfoben (69.08) Submitted: 12/3/2008 11:04:48 AM : Outperform Start Price: $7.45 GNK Score: +152.31

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.

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