StealthGas, Inc. (NASDAQ:GASS)

They've dropped quite a bit, hoping to ride it back up to $6.

Natural gas...is that the smell of money $$$ hope so?

Undervalued-- plain and simple.

Near 2 year lows with LNG heating up this could go for a nice run. It could also fall even lower so take you pick.
It is an energy stock and I love the dividend it USED to have don't think it will ever come back but we will see.
g

on the rise

Reload after dip.

Last year GASS sold ships for near book value. Stock trades for at a fraction of book. Price is beat down because of shipping stigma even though GASS is focused in a narrow slice of pressurized gas market. Questionable amount of debt and new debt being acquired for new boats. If that makes you frightened, may not be the right company for you.

value

strong buy

Why not go up.The ships it owns are worth more than the stock
<br />&lt;br /&gt;price. Now korea has partnered with canada to buy billions of cubic feet per year.Someone has to ship it unless a cross ocean pipeline is built.
<br />&lt;br /&gt; Stealth has the equipment and expertise.

4 CAPS Stars as of April 2010.

LNG shipping company, so basically 2 of the most hated sectors at the moment: shipping and gas... combined.

They stopped dividend distribution "recently" and got slammed for it. I think this - combined with the fact they stopped handing out bonuses and options to employees - shows that management is in this for the long term. I like this.... even though I would prefer getting the 11% dividend on a mainly flat stock! ;)

They have about 50 ships and high - but manageable - long term debt levels as you would expect from a shipping company. Short term debt seems to be under control and this appears to be the way management is doing things: be cautious and never over-do it.

The company also bring s Ca$h in... which tells me it will be able to survive this economy. At $4.50 we are buying really close to book value... if not for anything else this company will be gobbled up by a bigger fish.

To sum this up. Nothing stellar about this stock. It appears very much undervalued in a sector that is poised for growth at some point. Patience will be rewarded.

low p/e low p/b

Some parts of the world are going to have a surplus of LNG due to demand and infrastructure issues. The real money will be in transportation. This business will pick up eventually.

I like that they cut the dividend because it means that the management has good sense and I get to buy it at a discount (70% off book).

undervalued shipping AND natural gas play. you pretty much have to do it.

up

26 LNG carriers, and debt that isn't completely out of control. The bad current ratio can be forgiven, because it is selling at roughly 1/3 book value.

Punished too harshly for dividend suspension.

They have good chartering (esp on their larger ships).

The delay of their 5 new ships shouldn't impact them greatly (they lost no money in fees from the delay)

Will come back with increasing shipping rates and oil prices.

LNG is strategically important energy. Most of gas comes to Europe from Russia through Ukraine. Ukraine frequently doesn't pay bills to Gazprom that threathens to stop supply that triggers Ukraine to stop transporting gas to Europe. Europe doesn't have many alternatives. There is Nabucco pipeline being built and there are plans for pipeline through Barens sea.

One alternative is LNG. Terminal are being built. LNG may be used to power cars. In Europe LNG is around twice cheaper than petrol (depend on country).

As production of gas is projected to soar by 65% in US next year, it is easy to understand tremendous sell-off for GASS. However, I suspect that demand in Europe will increase substantally.