FreeSeas, Inc. (NASDAQ:FREE)

CAPS Rating: 4 out of 5

An independent commercial shipping company that operates in the drybulk shipping markets through its three wholly owned subsidiaries: Adventure Two S.A., Adventure Three S.A. and Adventure Four S.A.

Results 1 - 20 of 25 : 1 2 Next »

Recs

1
Member Avatar SqwiiTrader (37.30) Submitted: 2/19/2014 6:40:46 PM : Outperform Start Price: $1.67 FREE Score: -23.86

Tom Demark monthly 13 buy signal , bull market starting

Recs

2
Member Avatar tobywan (49.34) Submitted: 12/13/2013 12:33:27 PM : Outperform Start Price: $1.12 FREE Score: +11.60

Just a shot at long term hopefullness. I'm not looking at the stock in terms of market indicators but as how I perceive the company. I like shipping companies, a lot, they are one of the most underated industries considering how necessary they are to our way of life. Free seas isn't anything special but they have a plan for removing debt, increasing revenue and changing leadership. I believe they have reached their low following the reverse split and while such splits don't typically bode well for a company their immediate investment in new revenue building assetts builds a sense of trust.

Again this is just a hopeful gamble by a novice/beginner

Recs

0
Member Avatar columbianflash (< 20) Submitted: 12/5/2013 9:04:30 PM : Outperform Start Price: $1.30 FREE Score: -3.17

seems to look good, only after a few months or so. the gains a too much along with the price being so flexible.

Recs

0
Member Avatar kenzo08 (< 20) Submitted: 9/27/2013 12:07:09 AM : Outperform Start Price: $0.83 FREE Score: +46.23

yes

Recs

0
Member Avatar NoDoughBro (70.24) Submitted: 9/26/2013 8:44:35 PM : Outperform Start Price: $0.83 FREE Score: +46.23

own it. love it.

Recs

2
Member Avatar justaboutperfect (< 20) Submitted: 5/16/2013 4:21:55 PM : Outperform Start Price: $0.69 FREE Score: +74.19

All the bad news is out and time to buy when the smart shorts are covering.

Recs

0
Member Avatar brandonschklar (85.54) Submitted: 3/10/2013 10:26:08 PM : Outperform Start Price: $1.78 FREE Score: -46.97

i wish you can buy any thing for free.....

Recs

0
Member Avatar rickyt1986 (79.90) Submitted: 3/7/2011 3:12:42 PM : Outperform Start Price: $3.36 FREE Score: -103.05

long on all my ship stocks a good company is hard to sink in a needy economy

Recs

0
Member Avatar KratosKlaso (< 20) Submitted: 2/7/2011 8:25:09 AM : Outperform Start Price: $3.16 FREE Score: -100.67

Undervalued currently

Recs

0
Member Avatar whomonkyoulus (28.68) Submitted: 10/13/2010 3:51:55 AM : Outperform Start Price: $1.49 FREE Score: -47.49

10k * 30 = 300; X10 = 3M
* 9
27M - exp
=15M
PE ~ 2-5

Recs

0
Member Avatar ExploitTopFools (98.01) Submitted: 7/6/2010 6:06:17 AM : Outperform Start Price: $5.35 FREE Score: -146.22

shippers: free,tbsi,ocnf,drys,sblk,ultr,egle

Recs

0
Member Avatar kutaone (< 20) Submitted: 5/3/2008 10:53:41 PM : Outperform Start Price: $32.56 FREE Score: -133.05

Another boat coming on line later this year..continuing to increase fleet size...Great divy...

Recs

0
Member Avatar zsam1 (< 20) Submitted: 4/28/2008 5:18:07 PM : Outperform Start Price: $32.73 FREE Score: -134.76

undervalued

Recs

0
Member Avatar 1234azi (< 20) Submitted: 4/26/2008 11:11:04 PM : Outperform Start Price: $32.87 FREE Score: -134.29

will out perform in the coming months.very sold foudation the company have.

Recs

4
Member Avatar TheCorrectCall (75.21) Submitted: 4/6/2008 2:44:58 PM : Outperform Start Price: $29.51 FREE Score: -135.75

FreeSeas is a dry bulk carrier currently operating with 5 ships. Through recent acquisitions, that number will be up to 8 in the next six months. But that’s not all that’s growing…

For the year just ended, FREE’s revenues were up 71.8% for 2007 as compared to ’06. The consensus estimate for sales in 2008 is hair under $63 million, up from 20.15 million in ’07. That’s some supercharged growth.

Unfortunately FREE was unable to produce a profit for 2007. However, the company has improved its balance sheet by paying off some loans and is expected to be profitable for the year.

The consensus estimate from the 2 analysts that cover FreeSeas is $1.07 per share for the current year. At that estimate, FREE trades at roughly 5 ½ times its forward earnings.

This is where the fun starts. The average P/E ratio of the 50 companies that make up the Dow Jones Marine Transportation Index is 12.89. At the average P/E, FREE shares would be valued at $13.79, a return of 132%.

Let’s go back to FreeSeas revenue expectations. At 63 million, FREE is currently trading at 1.5 times its projected sales. The average DJ Marine stock trades at 3.39 times sales. At the industry average, FREEs share price would be a little less sexy at $13.35 per share.

But wait, there is more… On February 7th, FREE announced a quarterly dividend of 17.5 cents per share. That totals up to 70 cents per year. At the current stock price, that’s a 14% yield. According to FreeSeas CEO, Ion Varouxakis, it is the company’s stated policy to continue paying that 17.5 cents every quarter in 2008. Try to find that at your local bank.

So even if all of our projections are wrong and the stock doesn’t move an penny in the next 12 months, you’ll make 14% on your money. How sweet is that?

But quite frankly, If FreeSeas meets its 200% growth target for the year ahead, a 13 P/E and a 3.39 price to sales ratio seems kind of low.

We would also expect such explosive growth to catch the eye of more than 2 analysts, meaning more exposure for FREE.

Recs

2
Member Avatar equalfuture (< 20) Submitted: 3/23/2008 8:34:46 AM : Underperform Start Price: $24.88 FREE Score: +139.77

dear wordpicker,

company location: bermuda? greece? usa? with these shipping stocks its a little difficult to find the owner,

the owner is from where? they use a flag from what country?

a little confusing, now if things go wrong, where do i find the CEO to pay my respects and a little extra.

Recs

0
Member Avatar murakh13 (< 20) Submitted: 3/16/2008 8:45:51 PM : Outperform Start Price: $23.07 FREE Score: -147.84

Will possibly double in one year
Also about 13% dividend yield

Recs

0
Member Avatar zwade23 (< 20) Submitted: 3/14/2008 3:51:25 AM : Outperform Start Price: $25.32 FREE Score: -141.17

Come on now. Everything, I mean EVERYTHING is made in China. And God forbid, they are not going to keep all the lead-based painted toys for themselves. Enough said

Recs

1
Member Avatar mvanneman (< 20) Submitted: 3/7/2008 7:18:20 PM : Outperform Start Price: $23.38 FREE Score: -144.08

Dry bulk shipping is going to be strong for the next couple of years due to a shortage of ships and an increase in the demand for them. China has doubled its need for iron which it gets from Brazil. China has also stopped shipping coal to North and South Korea and Japan and they are now getting there coal from Australia. The need for grain/raw materials in all emerging nations is also driving the need. Finally the shipbuilders are tied up with specialty orders and are not accepting anything new until 2009 which means that no new ships for this sector til late 2009 or 2010. FREE is down by over half of where it was at in October (this cycle was seen by most of the dry bulks) and should start going up around April. It should reach $10-$12 a share by the fall.

Recs

0
Member Avatar grammatoncleric (< 20) Submitted: 2/14/2008 11:27:37 PM : Outperform Start Price: $26.42 FREE Score: -139.45

dryship

Results 1 - 20 of 25 : 1 2 Next »

Featured Broker Partners


Advertisement