General Maritime Corp (GMR)

Lagging shipping stock.

**Trading around book value.
**P/E < S&P 500 near the bottom of economic cycle.
**Revenues down only slightly compared with 2008 levels.
**Growth industry, with international exposure.
**Manageable debt.
**6% dividend.

As long as the underlying value of the companies hard assets do not experience dramatic declines this stock is poised for dramatic growth.

I've owned this stock for a few years and while the price has been all over the place, dividends have been continually strong!

+++

I am an oil fanatic so my opinion of oil is that it is the most valuable substance on earth. It is the only truly valuable hedge against the dollar. It is shipped and stored in tankers. Great dividend and 3X upside potential.

no debt, cash heavy, tanker demand will come back, good yield

Shipping will see explosive growth as economy recovers. Great div yield. Solid numbers. Solid cash position for future div gains. Stock Price depressed. Undervalued.

Although

If you're just looking at the div yield keep in mind the 7/30 Press Release:

The company also announced that its Board of Directors has adopted a new dividend policy commencing with the third quarter of 2009. Under the Company's new dividend policy, the company intends to declare quarterly dividends with a target amount of $0.125 per share.

Massive yield. Cheap valuation. Trading close to it's 52-week low.

Upside: Priced at book value. Pays approx 20% dividends. Operates at a solid net profit margin. Downside: expect some asset impairment in the next 6 months.

Bullish on oil. Bullish on transportation..

Now is the time for shippers to rally dont miss this stock which has great potential ,strong balence sheet and no debt coming due untill 2011

Buy before the market recovers and demand for shipped goods increases.

Oil will rebound.

oil is where it is at. how do you get it? big tankers. This company does a good job at transport, has a steady cash flow, and good prospects for spot market profit. I will keep buying and cashing the dividend checks.

As oil prices go higher and world population keeps going up, so will oil consumption. Single hull ships must start fazing out to double hull and GMR has all double hull all under 10 yrs old. Good dividend play on long term hold. How does the world move oil?

I love these solid-fundamental crude shippers with fat dividends... my money is in DHT right now, but if that ship sinks (or I develop an unnerving feeling that it might) I will certainly take a look at GMR for a similar (and perhaps more stable) play.

Long term dividend pick.