+ Watch ESEA
on My Watchlist
The Company is an independent shipping company that operates in the drybulk and container shipping industry.
When (not if) the dry bulk shipping sector recovers, this company will benefit
The best sector to invest in for the next 5 years.
As the ecoonomy picks up steam the opportunity to increase cargo rates or at least fill the ships for profitability. Margins have started to recover in the first qtr but it will take several more qtrs before this stock sees the hay days of 2007 again
Good business, adding new vessels and contracts.
Calling it a dead. It's ratios look good, but if you dig deeper, it's burning through its cash to pay off the loan repayments. Of the 41.42M in cash, its' on a schedule to pay roughly 10M each year for the next five. Actually close to 14.5M in 2010 alone. The ship assets also haven't been marked down.Also, why the are they even still paying dividends?
World Shipping Demand Growth est. 2010: 3.1%2011-13: 4.6%2009 profits: $17.4m on $63.8m net revenues and $15.6m+$2.7m expenses.And then it has a 4.5% dividend (now)
Betting on a global economic recovery within 2010. Demand for resources and energy will first feel the effect than manufacturing and construction.LIST OF DRY BULK COMMODITIES: *coal*grain (wheat, maize, rice, barley, oats, rye, sorghum, soybeans, etc.)*iron (ferrous & non-ferrous ores, ferroalloys, pig iron, scrap metal, pelletized taconite), etc.)*bauxite*wood chips*cement*chemicals (fertilizer, plastic granules & pellets, resin powder, synthetic fiber, etc.)*dry edibles (for animals or humans: alfalfa pellets, citrus pellets, livestock feed, flour, peanuts, raw or refined sugar, seeds, starches, etc.)*bulk minerals (sand & gravel, copper, limestone, salt, etc.)
Undervalued stock should be close hopefully to the bottom of the economic cycle...
Speculative buy on my part. Recommended by TMF. Looking long as it will take a bit for the shippers to improve versus the economy. When the world economic situation takes a positive turn and steadies up, these guys should do likewise...
As the global economy improves so will bulk shipping.The company saw the signs of the economic downturn and planned accordingly.Almost 20% Institutional ownership5% Dividend
1/2 bookBreaking even with positive cash flowMonster dividend potentialMaking acquisitions
Maritime shipping!Low price!
This met a high level screen to indicate a buy and strong outperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balnace sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc. Testing capabilities of this 1st version of my automated, valuation spreadhseet matched with my personal criteria and see how it holds up.
it will rise
trade increasing around the world
A truly undervalued shipping company. Remember, Holiday season is coming very soon. All the major retails have to start putting in their orders now. Which means that need to start shipping the items very soon and making deals with the retailers. Plus, the stock market is starting to level off and the money from the sideline is coming in slowly but surely.
close to 52 week low
well below S&P for no good fundy reason. Really look at the books.
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