TOP Tankers, Inc. (NASDAQ:TOPS)

CAPS Rating: No stars

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

Recs

1
Player Avatar twnewbie (< 20) Submitted: 2/19/2007 9:26:14 AM : Outperform Start Price: $14.82 TOPS Score: -86.14

Big institutional investors (Kingdom Holdings Inc. 8.4%, QVT Financial LP 9.27%) have accumulated huge positions.

If Kingdom Holdings is what I think it is (i.e., the holding company of the Saudi Prince), then I think it will be very interesting to watch this stock in the near future.

Report this Post 2 Comments
Member Avatar texBrew (< 20) Submitted: 3/25/2007 8:03:44 PM
Recs: 0

The Kingdom Holdings here is not the one you think. It is a holding company setup by the CEO's family and has slowly be liquidating their position since 2005. However QVT continues to increase their position and is now around 11%. Look for a possible merger here because the CEO has really screwed this company up.

Member Avatar abitare (99.70) Submitted: 8/3/2007 11:40:42 PM
Recs: 0

Shady Tanker company? Pumped by Shady people? Only one stock pick? ? Hmmm?

Featured Broker Partners


Advertisement