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$1.85 0.01 (0.54%)
12/3/2008 2:21 PM

TOP Tankers, Inc. (TOPS)

CAPS Rating:
**

The Company is a provider of international seaborne transportation services, carrying refined petroleum products and crude oil.

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Avatar NeroSagetrade (30.10) Submitted: 11/07/07 12:36 AM : Outperform Start Price: $16.50 TOPS Score: -46.07

I cant stand the shipping sector outside of Top Tankers which seems like the only undervalued company in the sector. Using their assets alone the company is trading well below book valuation and they have all the looks like they will return to profitability in 2008. I expect them to reinstitute a healthy dividend and solidify their growth at 15% per year. I think they have solid technical support in the $5s and look like a solid buy here.





Nero


Sagetrade

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Avatar jack21222 (99.66) Submitted: 12/14/07 12:21 PM

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Any talk of a cash-flow negative, debt-heavy company instituting a dividend anytime in the foreseeable future is absurdity. As soon as you disabuse yourself of such thoughts, you'll see your player rating jump up.

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