TOP Tankers, Inc. (TOPS)

davidengi07 (99.64) Submitted: 12/05/07 6:52 PM : Start Price: $10.20 TOPS Score: 39.85

I think the international shipping business will have picked up significantly by a year from now (late 2008), especially in terms of transporting petroleum products. After all, China, India, and South America are industrializing at a rapid pace generally, and will continue to have an strongly growing thirst for oil and gas.





However, in the short run, I expect to see the shipping business take some more hard knocks in the next 3-6 months, and probably longer. And when the recovery does come, I expect companies like EXM and DRYS to do much better than TOPT. So I'm shorting this one with some confidence -- the moreso since they are issuing more stock to raise money. Not a good sign at all.





Underperform!

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