Eagle Bulk Shipping, Inc. (NASDAQ:EGLE)

CAPS Rating: 3 out of 5

The Company is engaged in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.

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Member Avatar larvalbug (60.50) Submitted: 3/8/2014 9:20:57 PM : Outperform Start Price: $5.14 EGLE Score: -31.47

Very low price to book. Solid current ratio. Shipping should eventually turn around in a big way.

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Member Avatar 2win (< 20) Submitted: 12/11/2013 11:14:18 AM : Outperform Start Price: $3.13 EGLE Score: +7.26

buy dip. Today mkt is down, EGLE is up 2%

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Member Avatar SqwiiTrader (37.30) Submitted: 11/26/2013 5:30:13 PM : Outperform Start Price: $3.55 EGLE Score: -5.02

Shippers IHS weekly

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Member Avatar gregw135 (< 20) Submitted: 10/7/2013 11:38:52 PM : Underperform Start Price: $7.43 EGLE Score: +64.51

The recovery in shipping rates that Eagle Bulk needed to stay compliant with its loan hasn't materialized (at least for Supramax vessels). The company needs to obtain another bank waiver to avoid bankruptcy.

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Member Avatar SamsaricSufferer (< 20) Submitted: 7/4/2012 8:14:51 PM : Outperform Start Price: $3.28 EGLE Score: -30.05

Dry bulk sector bottom, Reverse split, low float stock now.

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Member Avatar imacg5 (< 20) Submitted: 6/26/2012 5:54:36 PM : Underperform Start Price: $3.04 EGLE Score: +26.28

The debt deal was just a way for the management company to continue collecting fees while the bank, RBS, will charge higher interest and "sweep" all profits, while kicking the debt load down the road.

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Member Avatar rofgile (99.33) Submitted: 3/11/2012 2:44:19 PM : Underperform Start Price: $6.00 EGLE Score: +77.51

My gut says that overcapacity really has doomed this company. We are in the time period of oversupply-> cheap labor getting cheaper, too many ships and bigger superships on the horizon. This company has had problems with creditors disagreeing with management about legal terms of the debts. Debts are huge. Revenues and margins are shrinking.
Here is another good blog recently about this company:
http://caps.fool.com/Blogs/eagle-shipping-egle-headed/717995

I used to be a believer that this was a value deal, but I think I have been fairly proven wrong. It is really just a weak business in a bad neighborhood of industry.

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Member Avatar CyclingScholar (< 20) Submitted: 3/8/2012 2:31:18 PM : Underperform Start Price: $5.92 EGLE Score: +77.44

Eagle is going bankrupt. They owe $74m by June 30--$28m in debt, $36m in interest, and $9m to raise their cash reserves to meet their lender's requirements. They aren't going to be able to generate this kind of money. They only have three quarters to raise it--Q4 2011, Q1 & Q2 2012. They only made $26m in Q3 2011. Even if they replicated those numbers, they would only come up with $78m by their June 30 deadline. Since then, Supramax shipping rates have fallen from around $14,000/day to under $7,000/day. EGLE can't possibly come up with the $74m they owe in this new rate environment. And they know it, too, which is why they didn't come out with their annual report on March 2, like they always do. They're buying time before they announce their coming bankruptcy, hoping they can find a new investor to rescue them.

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Member Avatar xrich0 (74.33) Submitted: 10/26/2011 12:01:54 AM : Outperform Start Price: $6.08 EGLE Score: -92.65

Extremely low valuation in a highly volatile industry. Risky, but high upside.

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Member Avatar KimLanners (< 20) Submitted: 8/3/2011 8:30:12 AM : Outperform Start Price: $8.72 EGLE Score: -108.42

shipments

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Member Avatar SabreRaider (88.31) Submitted: 7/20/2011 4:44:30 PM : Outperform Start Price: $10.00 EGLE Score: -104.92

Downtrodden....will return....bargain

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Member Avatar kylehusky (< 20) Submitted: 7/1/2011 1:06:39 PM : Outperform Start Price: $10.28 EGLE Score: -105.74

Eagle bulk has relatively smaller ships than other bulk shipping company and more diverse than others. It has a stronger foundamental than the giant DRYS, and the charts looks bottom out and in a uptrend direction.

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Member Avatar frenchhustler22 (< 20) Submitted: 6/8/2011 1:48:08 PM : Outperform Start Price: $10.04 EGLE Score: -110.47

Low price now because of korea. That will pass and price will go up

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Member Avatar rustyrick (< 20) Submitted: 4/9/2011 12:44:37 AM : Outperform Start Price: $14.56 EGLE Score: -118.39

They have been beaten up by diminished coal shipments from Australia. Another one of teir customers filed bankruptcy. They have worked out an agreement with that company

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Member Avatar saucerboy (29.44) Submitted: 3/28/2011 3:50:53 PM : Outperform Start Price: $16.56 EGLE Score: -122.69

At some point down the road, shipping will pick up again.

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Member Avatar rickyt1986 (79.90) Submitted: 3/7/2011 3:18:28 PM : Outperform Start Price: $16.24 EGLE Score: -120.45

for now gas is going up in price but ships will still need to recover and we will start to see the price increase for products to make up for shipping costs

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Member Avatar BMunkers (38.89) Submitted: 2/19/2011 12:24:33 PM : Underperform Start Price: $16.92 EGLE Score: +119.45

A 26% dividend can't be sustainable...

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Member Avatar AlpacaKing (< 20) Submitted: 2/17/2011 5:56:21 PM : Outperform Start Price: $16.92 EGLE Score: -118.15

If Korea Lines pays their bills to Eagle, I see no problems.
Consensus is that shipping rates have hit bottom and are
on their way up.
Eagle has the optimum size of ship and a lot of them,
and will survive quite nicely.
That is my opinion.

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Member Avatar vuse (< 20) Submitted: 2/2/2011 2:46:01 PM : Outperform Start Price: $17.28 EGLE Score: -122.49

Rebound in world economy

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Member Avatar XMFCinco (30.92) Submitted: 1/28/2011 8:49:31 PM : Outperform Start Price: $16.80 EGLE Score: -124.82

just too far below book value

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