Excel Maritime Carriers Ltd (EXM)

I expect/hope for 2-4X value I bought it @ (7.57). I don't know how all of these shipping stocks will not go up up and up.

Drys-- is a more popular pick, but this stock looks better to me.

0.70 P/E

now at 8.26, still almost 4 $ less then its high for last 52 weeks...so has more upside before it reaches it's high.

With the global recovery partly underway, shipping should soon pick up.

xlnx , hun

The Baltic Dry Index has established a bottom. The only question is the pace of global recovery, when and not if. Select Bulk Shipping stocks will show 500% to 1,500%, returning to previous price levels.

Economy getting better, more goods start moving, shippers do better.

BDI is now at a nice low. Time to enter into the shippers. EXM is one of the better ones, although they do have a heavy debt.

could be a powerhouse in a recovering economy

Good price

Ghost Fleets off Singapore

Fidelity screen.

EXM has reported $3/share income, for the last 2 quarters of earnings since the 4th qrt loss where it wrote down the market value of its fleet, which wiped out a $9/share earnings last year. Its recent high was twice todays price. It is a great buy at $7, nearly a 2:1 PE based on last 2 quarters.

Great book value, continually growing Ebit-da, growing revenues, but there is way to much debt. and there is no promise of it being paid off anytime soon or of them recovering their book value do to its acidity (Quick ratio of .4) stay away. Possible case to be made in a ten year horizon, but this stock is way too risky and speculative for the "intelligent investor."

best of all the dry bulk shippers, great management, earnings, and fleet.

210% sales growth from the 1st quarter last year...IN A RECESSION, plus a P/E ratio of .70.....just what do you think this killer stock is going to do coming out of the recession??? I'm way in.....

The drybulk sector will continue to rise moderately as the world economy slowly recovers. Yes there will be increased competition however EXM is one of the best companies in shipping. They will be very profitable in the future. This is a good stock and is starting to see some resistance in the 8 dollar range.

As the ecobomy inproves more goods need to be shipped

We will come out of this worldwide recession sooner than one would think. Dry Bulker's will benifit from the rising demand for commodities.

Call me contrarian, but......

I like Excel at this price. Commodities are slipping, driving down the price of carriers like Excel. Still, they are financially strong, have a hefty percentage of the company owned by insiders, and pay a ridiculous 16% dividend right now. It's also about 75% below it's 52 week high. Lots of room for this one to come back with strong enough fundamentals for me to take a flyer on this one.

I think their Cash position sucks BUT... people still need to ship and they are a big player in their arena. I think the recovery in the global economy/Chinese will push this up. Can't complain about the 105% i've been up so far since March.